If a Nation Has "Cheap Labor

question 141

Multiple Choice

If a nation has "cheap labor,"

• A) it can still benefit from trade.
• B) other nations can still compete with it.
• C) it cannot have a comparative advantage in everything.
• D) All of the above are t.

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Definitions:

Investment Bankers

Assist companies in raising capital and provide merger and acquisition services.

New York Stock Exchange

One of the largest stock exchanges in the world, located in New York City, where securities are bought and sold publicly.

Market Value

The current price at which an asset or service can be bought or sold in an open market.

Initial Public Offering

A process by which a private company becomes publicly traded by offering its shares to the public for the first time.