If a Nation Has "Cheap Labor

question 34

Multiple Choice

If a nation has "cheap labor,"

• A)it can still benefit from trade.
• B)other nations can still compete with it.
• C)it cannot have a comparative advantage in everything.
• D)All of the above are true.

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Definitions:

RFP

Request for Proposal, a document that solicits proposal, often made through a bidding process, by an agency or company interested in procurement of a commodity, service, or valuable asset.

Body of Report

The main section of a report containing the detailed information, analysis, and findings.

Proposal

A formal offer or plan put forward for consideration or discussion by others, often in a business or academic context.

Analysis of Action

The process of examining and breaking down activities to understand their components, purposes, and outcomes.