Which Is the Most Accurate Statement

question 264

Multiple Choice

Which is the most accurate statement?

• A)Before the 1960s the workers in low-wage nations were no threat to workers in high-wage economies because they had so little capital to work with.
• B)Labor has long been much more mobile than capital.
• C)In recent years America has become a low-wage country relative to most of the rest of the world.
• D)Despite a flood of imported goods,our manufacturing employment is more than double what it was in 1960.

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Definitions:

Cash from Sale

The cash received from selling goods or services.

Cash Receipts Journal

A financial journal that records all cash transactions, including sales and received payments, entering a business.

Accounts Payable

Obligations of a company indicating funds due to lenders for products and services acquired through credit.

Sales Revenue

Revenue generated through the sale of products or offerings during a specific timeframe.