If Labor in China Is Less Productive Than Labor in the United

question 69

Multiple Choice

If labor in China is less productive than labor in the United States in all areas of production, then:

• A) both the United States and China can benefit from trade.
• B) neither nation can benefit from trade.
• C) China can benefit from trade but not the United States.
• D) the United States can benefit from trade but not China

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Definitions:

General Merchandise Store

A retail establishment offering a wide range of products across different categories, typically without a specialty focus.

Specialty Outlets

Retail stores that focus on selling a specific category of products, offering expert knowledge and a wider selection within that category.

General Merchandise Stores

Retail establishments offering a wide range of consumer goods in various categories from clothing to home appliances.

Scrambled Merchandise Stores

Retail stores that stock and sell a wide variety of unrelated products, often at discounted prices.