Which of the Following Is Indicated by the Data on Real

question 310

Multiple Choice

Which of the following is indicated by the data on real income per person for various countries over the past 100 or so years?

• A)If, in a relatively poor country, real income per person had grown by 3.5 percent per year for the last 100 years, it would be a relatively rich country today.
• B)Rich countries became richer and poor countries became poorer.
• C)In the United States, real income per person today is about four times as high as it was 100 years ago.
• D)All of the above are correct.

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Definitions:

Labor Standards

Regulations concerning the rights and welfare of workers, including minimum wage, working hours, safety, and health protections, and non-discrimination practices.

NAFTA

The North American Free Trade Agreement, a treaty between Canada, Mexico, and the United States that eliminated most tariffs and trade barriers between the countries, in effect from 1994 to 2020.

Labor Cooperation

The collaboration between workers, unions, and sometimes employers to achieve common goals, such as improving working conditions or productivity.

Social Dumping

The practice of companies moving production to countries with lower labor standards or costs, often leading to job loss and reduced labor conditions in the originating country.