Which of the Following Is TRUE Regarding Trade and Wages

question 95

Multiple Choice

Which of the following is TRUE regarding trade and wages?

• A)Trade can increase wages by increasing the productivity of labor.
• B)Trade helps to equalize wages between high- and low- productivity countries.
• C)Low-productivity nations have lower wages than high-productivity nations whether they trade or not.(True Answer )Correct
• D)Trade directly increases productivity, which in turn increases wages.

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Definitions:

Series of Discussions

Multiple conversations or meetings held to explore or resolve a particular issue or set of issues.

Decision Making

Decision Making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Immediate Context Factor

Elements or conditions present in the environment at the moment that can influence the outcome or process of an activity, such as negotiations.

External Stakeholders

Individuals or groups outside of an organization who are affected by its decisions and actions.