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.
Correct Answer:
Verified
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