Nemedia and Aquilonia Have Just Started to Trade with Each

question 27

Multiple Choice

Nemedia and Aquilonia have just started to trade with each other.Nemedia exports goods produced with skilled labour and imports goods made with unskilled labour from Aquilonia.Over time,what would we expect will happen to the wages of skilled and unskilled labour in Nemedia

• A)The wages of skilled labour in Nemedia will rise, and the wages of unskilled labour in Nemedia will fall.
• B)The wages of skilled labour in Nemedia will fall, and the wages of unskilled labour in Nemedia will rise.
• C)The wages of skilled labour in Nemedia will rise, and the wages of unskilled labour in Nemedia will rise.
• D)The wages of skilled labour in Nemedia will fall, and the wages of unskilled labour in Nemedia will fall.

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Definitions:

Data Warehouse

A centralized repository designed to store, manage, and retrieve structured data from various sources for analysis and reporting.

Historical Data

Information and data points collected from past events which are used for analysis to recognize patterns, trends, and to predict future outcomes.

Repository

A central location where data is stored and managed.

Data Marts

A subset of a data warehouse that is focused on a particular subject or department within an organization, used to provide data for specific analyses.