Suppose Country a Has a High Average Wage Level and a High

question 82

Multiple Choice

Suppose Country A has a high average wage level and a high level of output per person,while Country B has a low average wage level and a low level of output per person.Which country can benefit from trade?

• A)Only Country A can benefit.
• B)Only Country B can benefit.
• C)Both Country A and Country B can benefit.
• D)Neither Country A nor Country B can benefit.

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Definitions:

Quality

The standard of something as measured against other things of a similar kind; the degree of excellence of something.

Extremely Diverse

Referring to a broad spectrum of differences among people or entities, including but not limited to culture, ethnicity, opinions, and skills.

Dual Career

A situation where both partners in a relationship have significant career paths and work responsibilities.

Flexible Benefit Plan

A benefits plan that allows employees to choose from a range of options to create a benefits package tailored to their personal needs and situations.