If there are large disparities in wage levels between countries, then

A) trade is likely to be harmful to both countries.
B) trade is likely to be harmful to the country with the high wages.
C) trade is likely to be harmful to the country with the low wages.
D) trade is likely to be harmful to neither country.
E) trade is likely to have no effect on either country.

D

Economics

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What is the marginal rate of substitution, and what role does it play in determining the consumer's optimum choice?

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