Oatley Claims That Global Wage Differences Are Not Caused by Different

question 35

Multiple Choice

Oatley claims that global wage differences are not caused by different labor market regulations but by

• A) desperate uneducated workers in developing countries who are easily manipulated.
• B) corporate investors who want higher profits available in developing countries.
• C) different levels of productivity.
• D) different differentials of living costs compared to wage levels.
• E) conservative governments who want to undermine labor movements in their own countries.

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Definitions:

Dividend

A portion of a company's earnings distributed to shareholders, usually as a payout of profits on a regular basis.

Temporarily Undervalued

Refers to assets or securities believed to be priced below their true value, often expected to correct over time.

Stockholders

Stockholders, also known as shareholders, are individuals or entities that own one or more shares of stock in a public or private corporation, giving them partial ownership of the company.

Stock Dividends

A distribution by a company to its stockholders in the form of extra shares, instead of monetary compensation.