As USCompanies Gain Better Access to Growing Overseas Markets

question 7

Multiple Choice

As U.S.companies gain better access to growing overseas markets,

• A) the demand for labor will increase, increasing the equilibrium wage.
• B) the supply of labor will decrease, increasing the equilibrium wage.
• C) the most highly-educated American workers have suffered from the competition.
• D) American firms find they are suffering because they now must incur the higher costs of shipping to overseas customers.

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Definitions:

Air Canada

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