If a Nation Has "Cheap Labor

question 34

Multiple Choice

If a nation has "cheap labor,"

• A)it can still benefit from trade.
• B)other nations can still compete with it.
• C)it cannot have a comparative advantage in everything.
• D)All of the above are true.

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Definitions:

Job Demands

The physical, psychological, social, or organizational aspects of a job that require sustained physical and/or psychological effort or skills and are therefore associated with certain physiological and/or psychological costs.

Social Relations

The networks and interactions between individuals or groups, including social structures, institutions, and societal norms.

Persistence

The quality of continuing steadily despite problems or difficulties.

Hostility

A form of anger and aggressive behavior that can result from frustration, perceived injustice, or other negative feelings.