Which of the Following Is Not True Regarding the Argument

question 31

Multiple Choice

Which of the following is not true regarding the argument for protection as a way of maintaining jobs and wage levels?

• A)Wages may be only a small fraction of total production costs.
• B)High wages do not necessarily imply high labor costs when productivity is taken into account.
• C)U.S.workers are among the most productive in the world partly because they are well educated and trained compared to other countries.
• D)U.S.workers are highly productive partly because they are provided with abundant supplies of machines and physical capital.
• E)It is not possible that the U.S.wages, even when supported by high U.S.output per worker, can render U.S.products competitive with low-wage countries.

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Definitions:

Vertical (Y) Axis

The axis in a chart or graph that runs vertically (up-and-down) and typically represents the range of values for a given variable.

Horizontal (X) Axis

A line on a graph that typically represents the independent variable in a data chart or plot.

Organizational Structure

The system of tasks, workflows, reporting relationships, and communication channels that directly the activities of an organization.

Skunk Works

A term used to describe a project or operation developed by a highly autonomous and secretive group, aimed at radical innovation.