Asked by
Yazan Callas
on Oct 12, 2024
Verified
Statement I: The multinational corporations played only a very small role in shifting our manufacturing to low-wage nations.
Statement II: Because they had much more capital to work with prior to the 1960s,American manufacturing workers were much more productive than workers in low-wage nations.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Multinational Corporations
Companies that operate in multiple countries, managing production or delivering services in more than one country.
Low-Wage Nations
Countries where the general level of wages is significantly lower than in developed nations.
Productive
The ability to generate a significant amount of output (goods or services) per unit of input (labor, capital, etc.).
- Determine and examine the variables affecting a nation's balance of trade and their impact on economic conditions.
- Evaluate the immediate and enduring impacts of global trade on sectors, employees, and purchasers.
Verified Answer
KG
Learning Objectives
- Determine and examine the variables affecting a nation's balance of trade and their impact on economic conditions.
- Evaluate the immediate and enduring impacts of global trade on sectors, employees, and purchasers.
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