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Assume That Germany Has Higher Labor Productivity and Higher Wage

question 166

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Assume that Germany has higher labor productivity and higher wage levels than France.Germany can produce a commodity more cheaply than France if its productivity differential more than offsets its wage differential.


Definitions:

Null Hypothesis

A statement that proposes no significant effect or relationship exists between variables.

Average Rate

The measure of some quantity divided by the time taken to accumulate that quantity, indicating a rate of change or growth over a specified period.

Research Hypothesis

A specific, testable prediction about what you expect to happen in your study, often posed as a potential relationship between variables.

Average GPA

The median grade point average calculated by adding together the individual grade points and then dividing by the number of grades.

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