Which of the Following Correctly Describes Free International Trade in Accordance

question 71

Multiple Choice

Which of the following correctly describes free international trade in accordance with comparative advantage?

• A)It is typically favored by producers in importing countries.
• B)It is typically favored by producers in exporting countries,but hated by their workers.
• C)It is typically favored by producers in exporting countries,including their workers.
• D)It is typically hated by consumers in importing countries.
• E)It is typically hated by farmers,but looked upon favorably by manufacturers.

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Definitions:

Customer Service

The assistance and advice provided by a company to those people who buy or use its products or services.

Low Wages

Compensation amounts paid to workers that are significantly below the average for their sector or region.

CEOs Paid

Refers to the compensation, including salary, bonuses, and stock options, received by chief executive officers of corporations.

Average Employee

A hypothetical or statistical worker representative of the typical skill level, salary, and experience within a company or industry.