Suppose That a Country That Has a High Average Wage

question 28

Multiple Choice

Suppose that a country that has a high average wage level agrees to trade with a country that has a low average wage level.Which country can benefit?

• A)only the one with a low level of output per person.
• B)only the one with a high level of output per person.
• C)both
• D)neither

---

Definitions:

Reckless Ignorance

A state of disregarding or showing indifferent concern towards the consequences of one’s actions, often leading to harm or risks.

Embezzled Funds

Money that is dishonestly taken from an employer or organization by someone in a position of trust, typically for personal use.

Unqualified Opinion

An auditor's report that the financial statements of an entity present fairly its affairs in all material respects according to the applicable financial reporting framework.

CPA

Certified Public Accountant, a professional designation given to accountants who pass a licensing examination in accounting.