While High-Paid American Workers Fear Competition with Low-Paid Foreign Workers,low-Paid

question 49

Multiple Choice

While high-paid American workers fear competition with low-paid foreign workers,low-paid foreign workers fear competition with high-paid American workers.Why?

• A) It is completely irrational and unfounded.
• B) Because America has such a large market it can protect its workers.
• C) Because high wages reflect high worker productivity and the low-paid foreign workers are not as productive.
• D) Because high wages are the result of extensive tariff and other trade restrictions.
• E) Because high wages mean that U.S. workers can buy more goods and services.

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Definitions:

Maintenance Cost

Expenses associated with the upkeep and repair of equipment or facilities to ensure their proper functioning and efficiency.

Variable Component

A part or element of production costs or expenses that changes in proportion to the level of output or activity.

Machine-hour

A measure of production time, calculated as the total hours a machine is operated within a specific period.

Maintenance Cost

The expense associated with the upkeep and repair of equipment or facilities, ensuring they continue to operate efficiently.