An Essential Point, Among Many, in the Refutation of the "Cheap

question 181

Multiple Choice

An essential point, among many, in the refutation of the "cheap foreign labor" argument is that

• A)foreign workers have a lower standard of living.
• B)foreign workers are less productive.
• C)low foreign wages mean fewer exports for the United States.
• D)the United States does not benefit from cheap foreign labor so the goods should be kept out.

Learn the significance of efficiency and competitive advantage as organizational objectives.

Differentiate between goals and objectives, and their measurability and time orientation.

Grasp the concept of crisis management and its essential elements.

Recognize the process and importance of staffing in an organization.

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Definitions:

Eminent Domain

The power of a government to take private property for public use, with compensation to the owner.

Private Property

Ownership of property (land, buildings, or personal items) by individuals or corporations, recognized and protected by law.

Economic Growth, Regulatory Relief, and Consumer Protection Act

is a law intended to ease regulations on small and medium-sized banks and enhance consumer protections.

Truth in Lending Act

A U.S. federal law designed to promote the informed use of consumer credit by requiring disclosures about its terms and cost.