Which of the Following Would Be Most Likely to Cause

question 55

Multiple Choice

Which of the following would be most likely to cause an increase in the wage rate for a particular job?

• A) A decrease in the amount of training needed to perform this job.
• B) An increase in the danger of this job.
• C) A decrease in the danger of this job.
• D) An improvement in the working conditions associated with this job.
• E) An increase in the number of workers with the skills for this job.

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Definitions:

Exporting

The process of selling goods or services produced in one country to a buyer in another country, typically seen as the initial step in entering international markets.

Trade Barriers

Restrictions imposed by governments on the free exchange of goods and services between countries, which can include tariffs, quotas, embargoes, and regulations.

Economic Infrastructure

The physical and organizational structures necessary for the operation of a society or enterprise, such as transportation, communication networks, and financial systems.

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.