It is a known fact that the same multinational company may pay lower wages to its workers in a developing country than to those in an industrialized country. Why is this not considered an evidence of worker exploitation?
a. Rich people deserve higher pay.
b. The workers in developing countries have lower consumption levels than those in developed countries, thus they get lower wages.
c. Local wages in developing countries are generally lower than in industrialized countries, with or without globalization.
d. Workers in developing countries have higher benefits, making the overall wages about the same in both kinds of countries.
e. Most workers in developing countries are comparatively younger, and they get lower wages because of their lack of experience.
c
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Which of the following is not a conflict of interest in accounting firms?
A) The firm provides consulting as well as rating creditworthiness. B) Auditors may be pressured to skew their opinions so the client will stay with the firm. C) Auditors may be reluctant to criticize advice put into place by nonaudit personnel of the firm. D) Auditors release an overly favorable audit in order to solicit business.
Graphically, to find the profit-maximizing price for a monopoly, find the output level where MC = MR and draw a line from that output level vertically to the demand curve
Indicate whether the statement is true or false
Answer the question on the basis of the following data. All figures are in billions of dollars. Proprietor's Income 20 Compensation of Employees 300 Consumption of Fixed Capital 15 Gross Investment 80 Rents 10 Interests 20 Exports 30 Imports 50 Corporate Profits 25 Taxes on Production and Imports 5 Net Foreign Factor Income 0 Statistical Discrepancy 0 Refer to the above data. National income is:
a) $395. b) $380. c) $375. d) $360.
The type of mergers that the Federal Trade Commission will most likely challenge are
A) mergers of firms within a relevant market. B) mergers of firms in different markets. C) mergers of firms that will generate economies of scale. D) mergers of firms in different geographical locations.