Multiple Choice
Which of the following is TRUE regarding trade and wages?
A) Trade can increase wages by increasing the productivity of labor.
B) Trade helps to equalize wages between high- and low- productivity countries.
C) Low-productivity nations have lower wages than high-productivity nations whether they trade or not.
D) Trade directly increases productivity, which in turn increases wages.
Correct Answer:
Verified
Correct Answer:
Verified
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