The Following Table Compares Some Attributes of Workers in South

question 108

Multiple Choice

The following table compares some attributes of workers in South Korea, Spain, and the United States.

-Refer to the table above.If workers in Spain and South Korea had access to the level of technology available in the United States,what might we expect with respect to income per worker?

• A) No change, because these countries already have access to the U.S. level of technology.
• B) Income per worker would likely increase more for workers in South Korea.
• C) Income per worker would only increase for workers in South Korea.
• D) Income per worker in Spain would reach the level of the United States.

---

Definitions:

Demand Curve

A graphical representation showing how the quantity of a good demanded by consumers changes as its price changes, holding other factors constant.

Cross-Price Elasticity

Measures the responsiveness of demand for one good to a change in the price of another good.

Goods Relationship

Refers to the connections and interactions between various goods, including how the production, consumption, or value of one can affect another.

Negative

Referring to a situation or number less than zero, often indicating a deficit or a decrease in a quantitative measure.