If Australian Workers Are More Productive Than New Zealand Workers

question 87

Multiple Choice

If Australian workers are more productive than New Zealand workers, one would expect:

• A) the two countries to trade with each other
• B) Australia to have higher wages than New Zealand
• C) Australia to have more trade barriers than New Zealand
• D) Australia to provide aid to New Zealand

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Definitions:

Partnership

An official business arrangement where several individuals jointly manage the business and divide the profits among themselves.

Articles of Organization

Official papers submitted to state authorities to formally establish a limited liability company (LLC).

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership with the limited liability of a corporation.

Certificate of Authority

A certificate of authority is an official document granting a company the license to do business in a particular jurisdiction outside of its original registration.