All of the Output of Industry X Is Made in America.Suppose

question 29

Multiple Choice

All of the output of industry X is made in America.Suppose now that a foreign nation's workers can produce at least part of industry X's good at a lower wage.The reduction in American jobs in industry X will be smaller when

• A) American workers, while getting a wage twice that of foreigners, are 50% more productive.
• B) the supply of labor supply is highly elastic.
• C) the elasticity of supply of American workers is more inelastic.
• D) American workers are excellent substitutes for foreign workers.

---

Definitions:

Reliable

The quality of being consistently good in performance, accuracy, or dependability.

Valid

Legally or logically sound; having legitimacy or credibility, typically applied to arguments, conclusions, or documents.

Effective Performance

The level at which an individual or organization successfully meets or exceeds established goals or standards in their work.

Reliable System

A system designed to operate consistently and accurately over time, minimizing errors and failures.