Suppose Country a Has a High Average Wage Level and a High

question 82

Multiple Choice

Suppose Country A has a high average wage level and a high level of output per person,while Country B has a low average wage level and a low level of output per person.Which country can benefit from trade?

• A)Only Country A can benefit.
• B)Only Country B can benefit.
• C)Both Country A and Country B can benefit.
• D)Neither Country A nor Country B can benefit.

---

Definitions:

Rights of Stockholders

Privileges and powers that come with owning shares of stock in a corporation, including voting rights and entitlement to dividends.

Account Receivable

Money owed to a company by its customers for goods or services already delivered but not yet paid for.

Accounting Standards

Guidelines and principles set by governing bodies that dictate how financial transactions are recorded and reported.

FASB

Refers to the Financial Accounting Standards Board, which is the organization responsible for establishing accounting and financial reporting standards in the United States.