Which of the Following Is TRUE Regarding Trade and Wages

question 10

Multiple Choice

Which of the following is TRUE regarding trade and wages?

• A) Trade can increase wages by increasing the productivity of labor.
• B) Trade helps to equalize wages between high- and low-productivity countries.
• C) Countries with low productivity levels will always have lower wages than high-productivity nations whether they trade or not.
• D) Trade directly increases productivity, which in turn increases wages.

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Definitions:

Priorities Chosen

A decision-making process where specific concerns or objectives are designated as most important.

Policy Analysis

The examination and evaluation of policies, including their development, implementation, and effects, to provide recommendations.

Social Problem

An issue within a society that is recognized as preventing individuals or groups from achieving their full potential or causing significant public concern.

Selection Opinions

Personal judgments or preferences regarding the choosing between alternatives, often in the context of decision-making processes.