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:

Courtesy

Politeness and respectful behavior towards others.

Clearness

Refers to the quality of being easily understandable or free from ambiguity.

Confidence

The belief in one's abilities or qualities, ensuring self-assurance in one's actions and decisions.

Correctness

Adherence to accuracy, truth, or what is considered right or appropriate in a particular context.