Suppose That a Country That Has a High Average Wage

question 28

Multiple Choice

Suppose that a country that has a high average wage level agrees to trade with a country that has a low average wage level.Which country can benefit?

• A)only the one with a low level of output per person.
• B)only the one with a high level of output per person.
• C)both
• D)neither

---

Definitions:

Business Operations

The day-to-day activities and practices that a business engages in to generate revenue and manage its resources efficiently.

Policies

Principles or rules created to guide decisions and achieve rational outcomes.

Partner

A person who operates a business jointly with one or more other persons. Each partner is a co-owner of the business firm.

Shareholder

One who has an ownership interest in a corporation through the purchase of corporate shares or stock.