Firms in a high-wage nation such as the U.S. can compete effectively with imports from low-wage nations if

a. skill levels are identical in the nations
b. the U.S. reduces tariffs on imports
c. low-wage nations impose tariffs on U.S. made goods
d. labor productivity is higher in the low-wage nation
e. labor productivity is higher in the U.S.


E

Economics

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Economics