If Countries Move from Highly Restricted Trade Toward Freer Trade

question 249

Multiple Choice

If countries move from highly restricted trade toward freer trade, what would be the expectation regarding wages across countries?

• A) Wages in an occupation would vary more across countries than before.
• B) Wages in an occupation would not change due to the freer trade.
• C) Wages in an occupation would move toward equality.
• D) Wages would become higher in advanced economies and lower in developing economies.

---

Definitions:

Neuroticism

A personality trait associated with negative emotions such as anxiety, depression, and irritation, reflecting how prone an individual is to psychological stress.

Cultural Characteristic

Traits or qualities that define the social practices, norms, arts, beliefs, and other human endeavors considered characteristic of a specific group or society.

Toughness

The quality of being strong and durable, also referring to the ability to endure hardship or stress without compromising one's character.

Cultural Differences

Variations in the beliefs, values, customs, and behaviors that exist among groups of people from different backgrounds or societies.