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Assume That Germany Has Higher Labor Productivity and Higher Wage

question 166

True/False

Assume that Germany has higher labor productivity and higher wage levels than France.Germany can produce a commodity more cheaply than France if its productivity differential more than offsets its wage differential.


Definitions:

Slave Valve

A valve that is operated or controlled by another mechanism or signal, often used in hydraulic or pneumatic systems to ensure coordinated movement or function.

Range Cylinder

A hydraulic or pneumatic cylinder used to change the range in certain types of machinery, such as transmissions in trucks or in heavy equipment, facilitating changes between high and low gear sets.

Gear Clash

A phenomenon that occurs when gear teeth collide due to improper engagement, often resulting in noise or damage.

Noisy Transmission

Refers to disturbances or interference present in the communication channel, leading to degradation in the quality of the signal received.

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