Wages in Developing Markets Can Be Volatile and Spike Dramatically

question 104

Multiple Choice

Wages in developing markets can be volatile and spike dramatically.The United States can be ________ on a wage basis if its average wages decline.

• A) less competitive
• B) more competitive
• C) more risky
• D) more volatile

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Definitions:

Land Contract

A conditional agreement for the sale and purchase of real estate in which the legal title to the property is retained by the seller until the purchaser has fulfilled the agreement, usually by completing the payment of the agreed-on purchase price.

Legal Title

The official right to ownership of property or assets, recognized and protected by law.

Possession

The state or fact of owning or holding something, either physically or legally.

Deficiency

The lack of a required or necessary quality, amount, or degree, often used in financial contexts to denote a shortfall.