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) Countries with low productivity levels will always 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
Q5: One of the ways trade increases wealth
Q6: In his prime, Michael Jordan played both
Q7: Use the following to answer questions:<br>Figure: Countries
Q8: Use the following to answer questions:<br>Figure: Comparative
Q9: A country has a comparative advantage in
Q11: The human brain has no limits, so
Q12: On a production possibilities frontier a trade-off
Q13: Increased trade has also led to:<br>A) increased
Q14: The reason why Martha Stewart does not
Q15: Adam Smith said, "It is the maxim