Multiple Choice
According to Apple, why does the company no longer assemble the majority of its products in the United States?
A) Labor costs are higher in the United States.
B) The United States has more skilled workers.
C) Income taxes are highest in the United States.
D) Foreign workers are more skilled and flexible.
Correct Answer:
Verified
Correct Answer:
Verified
Q75: A terms-of-trade index that equals 150 indicates
Q76: The commodity terms of trade is found
Q77: Both Adam Smith and David Ricardo<br>A) were
Q78: If Mexico was to realize an increase
Q79: A term-of-trade index that equals 90 indicates
Q81: The commodity terms of trade measures<br>A) the
Q82: If Japan and France have identical production
Q83: Exhibit 15.1<br><br>At the Plaza Accord of 1985,
Q84: The Ricardian theory of comparative advantage could
Q85: A nation benefits from international trade if