In the Long Run, Foreign Labor Remains Cheap When and If

question 92

Multiple Choice

In the long run, foreign labor remains cheap when and if

• A)it becomes highly efficient and competes successfully internationally.
• B)countries erect barriers to trade between poor countries.
• C)productivity increases more rapidly in poor countries than in rich countries.
• D)it remains inefficient compared to other countries' labor.

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Definitions:

Overpopulation Problem

The condition where the number of organisms exceeds the carrying capacity of their environment, leading to environmental degradation and diminished quality of life.

European Population Growth

The change in the number of individuals living in Europe, influenced by birth rates, death rates, and migration.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured by GDP.