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notsponge [240]
3 years ago
14

Kemala is a factory worker in Indonesia, where she earns the equivalent of roughly U.S$1 per hour producing T-shirts to export t

o the United States. Some people argue that this wage is exploitative and unfair. Why might this argument be flawed?
A. If Kemala willingly choses to work at the factory, the factory job may provide her with a better outcome than any of her next best alternatives.
B. U.S. workers deserve to make more because the cost of living in the United States is higher than in Indonesia.
C. Although Kemala may have chosen badly in taking the factory job, the job provides a level of income to which people in developing countries have become accustomed.
D. American consumers believe that exploitation of labor is an acceptable side effect of globalization.
Business
1 answer:
postnew [5]3 years ago
5 0

Answer: A. If Kemala willingly choses to work at the factory, the factory job may provide her with a better outcome than any of her next best alternatives.

Explanation:

Going by standards in the United States, the wages that Kemala is earning may be tagged as exploitative. If however, it is shown that Kamala works in that factory of her own accord, then it means that the wage is not exploitative to her because she must be earning more from the factory than other alternatives to it which was why she chose to work there.

It would simple mean that the wages in Indonesia are small by American standards and not just the ones Kemala is receiving from the factory.

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Categorize the statements according to whether they promote economic growth or inhibit economic growth. Promote economic growth
Marina86 [1]

Answer:

Categorization of Statements

Promotion of Economic Growth:

- clear laws regarding the transfer of property from one person to another

- the enforcement of trademarks

- A nation's central bank declares it will print money to pay for government expenditure.

- the use of competitive markets to allocate goods and services

Inhibition of Economic Growth:

- the creation of a price floor on sugar

- the development of regulations that make creating small businesses difficult

- a corrupt government

Explanation:

Economic growth can be increased by the reduction of the borrowing costs and interest rates and encouraging consumer spending and business investments.

The factors that inhibit economic growth also create market inefficiencies. They include lack of basic infrastructure, healthcare, and education, capital flight and economic uncertainties, ageing population, political instability, and rampant corruption.

6 0
3 years ago
What is the tradeoff for the average worker when it comes to international trade policies in specialization and comparative adva
Aleks [24]

the tradeoff for the average worker when it comes to international trade policies in specialization and comparative advantage because there is the possibility that workers could be laid off from their job.

Barriers to international trade are policies implemented by governments to prevent international trade and protect domestic markets. These include subsidies, tariffs, quotas, import and export licenses and standardization.

All agreements establishing free trade areas have the same goal of liberalizing trade, promoting economic growth, and giving member countries equal access to markets.

The WTO oversees four international trade agreements: the GATT, the General Agreement on Trade in Services (GATS), and the Agreement on Trade-Related Intellectual Property Rights and Trade-Related Investments (TRIPS or TRIMS).

Learn more about international trade policies here: brainly.com/question/15115779

#SPJ4

5 0
1 year ago
Degree of Operating Leverage Chillmax Company plans to sell 3,500 pairs of shoes at $60 each in the coming year. Unit variable c
Anna11 [10]

Answer:

1.8

Explanation:

Sales= $60

Variable cost= $21

Quantity= 3,500 pairs of shoes

Fixed operating cost= $58,500

The first step is to calculate the total contribution margin

= sales-variable cost × Quantity

= $60-$21 × 3500

= $39 × 3500

= $136,500

The operating income can be calculated as follows

= Sales - variable cost × Quantity - fixed operating costs

= $60-$21×3500-58,500

= $136,500-58,500

= $78,000

Therefore the degree of operating leverage can be calculated as follows

= Total contribution margin/Operating income

= 136,500/78,000

= 1.8

Hence the degree of operating leverage is 1.8

3 0
3 years ago
Thomlin Company forecasts that total overhead for the current year will be $11,938,000 with 177,000 total machine hours. Year to
dimaraw [331]

Answer:

Correct answer is Option A = $67

<u>Explanation:</u>

In order to find out the predetermined overhead rate, forecasted overhead for the current year will be taken into account alongwith total machine hours of that has been forecasted for the current year.

Formula for calculation  

Predetermined overhead rate = Forecasted Overhead for the year / Total Machine hours

Forecasted Overhead for the year = $11938000

Total Machine hours = 177000

Predetermined overhead rate =  11938000/177000 = $67 ( Rounded off )

   

8 0
3 years ago
According to the circular flow model, how do households participate in the two markets?
Ivahew [28]

Answer:

C. They buy the stuff they want in the goods and services market and sell their labor in the resource market.

Explanation:

The circular flow model describe how money moved around/distributed within society.

Every households can play the role as consumers and producers within the circular flow model.

As a consumers, households use their money to purchase goods and services from other producers. As a producers, households sell their labors to another business in exchange of salary/wage. The salary that the households receive will be circulated back when they purchase another goods/services and the cycle will keep going on.

3 0
2 years ago
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