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:

Foreign Government

The governing body of a nation-state or territory outside one's own country.

Diplomatic Recognition

The acknowledgment by one state of another's sovereignty and government, establishing formal diplomatic relations.

Nonpartisan

Not biased or linked to any political party, often referring to activities or organizations that aim for fair and impartial judgment.

Constitutionally Qualified

refers to having the qualifications required by the constitution for holding a specific public office or position.