Compared to workers in poor countries, workers in richer countries have
a. lower productivity but higher wages.
b. higher productivity and higher wages.
c. higher productivity but lower wages.
d. the same productivity but higher wages.
b
Economics
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The argument that protection ________
A) penalizes poor environmental standards is true B) allows us to compete with cheap foreign wages is true C) is necessary for infant industries is true D) saves jobs is flawed
Economics
If, under a fixed exchange rate system, the dollar price of a Mexican peso is above its equilibrium level, then the
A) dollar is undervalued. B) peso is undervalued. C) dollar has appreciated. D) peso has depreciated.
Economics