When a rich nation buys a product made in a poor nation, in the poor nation the demand for labor ________ and the wage rate ________
A) increases; rises
B) increases; falls
C) decreases; rises
D) decreases; falls
A
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The relationship between industrial capacity percentage and
A. the unemployment rate is indirect. B. the unemployment rate is direct. C. real GDP is indirect. D. nominal GDP is indirect.
Total utility is constant along a given indifference curve
Indicate whether the statement is true or false
The "medium of exchange" function of money means it is the:
a. The unit in terms of which people write contracts. b. Barter value of a product for which a nation has a comparative advantage. c. Unit in terms of which everything is valued and the basis for establishing relative prices between goods and services. d. Asset individuals get for goods and services and then use later to purchase other goods and services. e. Asset people can use to accumulate wealth.
Every hour, the federal government spends about-
What will be an ideal response?