Janitors in India Might Make $1,000 Per Year, While They

question 38

Multiple Choice

Janitors in India might make $1,000 per year, while they could easily earn $20,000 per year in the United States. How is this a forgone gain from trade?

• A) Indian janitors are less concerned with earning a high wage than are American janitors.
• B) The United States is a cleaner country than India, so it has less use for janitors.
• C) Total surplus would be higher if the Indian janitors could come to the United States to work.
• D) Total surplus would be higher if American janitors could go to India to work.

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Definitions:

Chief Financial Officer

The executive responsible for managing the financial actions of a company, including financial planning, risk management, and record-keeping.

Ethical Questions

Queries concerning moral principles and values that guide behavior in the business or professional world.

IDDR Approach

A strategic method in problem-solving that involves Identification, Diagnosis, Decision, and Remediation steps to address and solve issues effectively.

Ethical Problem

A dilemma or situation that requires a decision to be made that involves questioning the morality of the actions or choices.