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Question
(p. 558) Which of the following is true regarding the competitive pressures faced by American companies?
A. Large industries such as airlines and telecommunications are deregulated.
B. Foreign trade has been declining at a constant rate since 1960.
C. In less affluent, less industrialized countries, wages are lower due to scarcity of labor compared with demand.
D. By global standards, American workers are quite economical.
Answer
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