Computers and Laser Scanners Are ________ for Low-Skilled Labor and ________

question 176

Multiple Choice

Computers and laser scanners are ________ for low-skilled labor and ________ for high-skilled labor. The introduction of these technologies ________ the wage rate of high-skilled workers and ________ the wage rate of low-skilled workers.

• A) complements; substitutes; raises; lowers
• B) substitutes; complements; lowers; raises
• C) substitutes; complements; raises; lowers
• D) complements; substitutes; lowers; raises

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Definitions:

Trade Barriers

Measures implemented by countries to regulate or limit international trade, including tariffs, quotas, and non-tariff barriers.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often resulting in increased interconnectedness and interdependence.

Offshoring

The relocation of a business process or operation from one country to another, typically for lower costs or other strategic benefits.

Resource Markets

Markets where resources or inputs used to produce goods and services, such as labor, capital, and raw materials, are bought and sold.