Countries with high wages cannot export to low wage countries
Indicate whether the statement is true or false
FALSE
Explanation: Wages can be higher so long as productivity is at least as much higher.
Economics
You might also like to view...
The non-bank public chooses among various financial assets in deciding in what form it wants to hold liquidity. It thereby increases or decreases
I. the M1 measure of money supply. II. the reserves of commercial banks. III. the reserves that commercial banks are required to hold. A) none of the above since only the Fed can alter the money supply B) I, II, and III C) I and II only D) I only
Economics
The banking system in the U.S. is based on:
A) 100 percent reserve banking. B) fractional reserve banking. C) 0 percent reserve banking. D) none of the above.
Economics