If Taiwanese Workers Can Produce All Goods at Lower Wages

question 38

Multiple Choice

If Taiwanese workers can produce all goods at lower wages than American workers, then

• A)Americans can still gain by trading with Taiwan.
• B)Americans can only lose if they import from Taiwan.
• C)Taiwan can only lose if it trades with America.
• D)there are no gains from trade that are possible in this case.
• E)Americans should be self-sufficient.

---

Definitions:

Scientific Management

A theory of management that analyzes and synthesizes workflows, aiming to improve labor productivity.

Custodial

Pertaining to the legal right or duty to take care of something or someone, including the guardianship of children or management of assets.

Military Organizations

Structured institutions that are authorized by society to use lethal force, including camouflage, arms, and trained personnel, to defend or capture territories and enforce laws or sovereignties.

Custodial

Pertaining to the care and guardianship of individuals, especially in contexts such as prisons, mental health facilities, or schools, where the primary focus is on maintaining security and order.