The reason U.S.workers were better paid than foreign workers during the 1950s and 1960s is
A) U.S.workers were better trained and educated.
B) U.S.workers worked harder.
C) we had more capital (plant and equipment) per worker.
D) the U.S.dollar was the world's strongest currency.
Correct Answer:
Verified
Q2: A hollow corporation
A)makes goods abroad and ships
Q3: One way of reducing our trade deficit
Q4: The principle of comparative advantage
A)applies only when
Q5: If Germany can make compact cars more
Q6: High protective tariffs
A)would be supported by most
Q8: A tariff shifts the _ curve to
Q9: Which statement is true?
A)The Japanese have not
Q10: We have run merchandise trade deficits of
Q11: Which statement is false?
A)Compared to 30 years
Q12: At the core of the American trade
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents