A Major Difficulty with the Argument That Trade Barriers Are

question 274

Multiple Choice

A major difficulty with the argument that trade barriers are necessary because foreign workers are paid low wages is that

• A)labor costs and product prices are not related.
• B)there is no discernible relationship between wage rates and labor productivity.
• C)wage rates and labor productivity are directly related.
• D)wage rates and labor productivity are inversely related.

---

Definitions:

Voluntary Sabbaticals

Programs that allow employees to take extended leave from their positions, often for personal development, travel, or study, with the intention of returning to their job.

Portfolio

A collection of investments or projects held by an individual, organization, or financial institution, diversified to manage risk and achieve goals.

Human Capital

The competencies, insights, and accumulated experiences of a person or a community, seen from the perspective of their contribution to an organization.

Organizational

Relating to the structure or coordination of components within a company or institution.