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Economics Mcqs

The migration of employable workers from low-paying nations to high-paying nations tends to decrease ?

The migration of employable workers from low-paying nations to high-paying nations tends to decrease ?

A. total wage income in the world
B. wage disparities
C. business or capitalist income in the world
D. the productivity of labor

The migration of employable workers from low-paying nations to high-paying nations tends to decrease ? Read More »

Economics Mcqs, International Factor Movements And Multinational Corporations

The market power effect of an international joint venture can lead to welfare losses for the domestic economy unless offset by cost reductions. Which type of cost reduction would not lead to offsetting welfare gains for the overall economy ?

The market power effect of an international joint venture can lead to welfare losses for the domestic economy unless offset by cost reductions. Which type of cost reduction would not lead to offsetting welfare gains for the overall economy ?

A. R&D generating welfare improved technology
B. development of more productive machinery
C. new work rules promoting workers efficiency
D. lower wages extracted from workers

The market power effect of an international joint venture can lead to welfare losses for the domestic economy unless offset by cost reductions. Which type of cost reduction would not lead to offsetting welfare gains for the overall economy ? Read More »

Economics Mcqs, International Factor Movements And Multinational Corporations