As workforces become more educated in countries with comparative advantages in labor-intensive products, cheap labor becomes:

A. more abundant relative to capital.
B. less abundant relative to skilled labor.
C. more abundant relative to skilled labor.
D. None of these is true.


Answer: B

Economics

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A) sell dollars. B) buy dollars. C) increase U.S. exports. D) increase U.S. imports.

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An increase in the saving rate results in a higher steady state ________

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Public debt held by foreigners is known as

a. international debt b. external debt c. tariffs d. custom duties e. debentures

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Technological changes can create dislocations as displaced workers try to find jobs elsewhere and at the same time make existing products more affordable

Indicate whether the statement is true or false

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