The Effect of Trade on Specialized Employees of Import-Competing Industries

question 7

Multiple Choice

The effect of trade on specialized employees of import-competing industries will be ________ jobs and ________ pay because they are relatively ________.

• A) fewer; lower; immobile
• B) fewer; lower; mobile
• C) more; lower; immobile
• D) more; higher; mobile
• E) more; higher; immobile

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Definitions:

Future Orientation

The degree to which individuals or organizations plan for and consider future outcomes in their decision-making processes.

National Culture

The set of norms, behaviors, beliefs, and customs that exist within the population of a sovereign nation.

Geert Hofstede

A Dutch social psychologist known for his research on the comparisons of cultures across nations, leading to the development of his cultural dimensions theory.

Human Resources Management (HRM)

The strategic approach to the effective management of people in an organization, ensuring their contribution towards the achievement of the organization's goals.