The cost of producing Garment in Country Q is ten percent less than the cost of producing Garment in Country Y, Even after transportation fees and tariff charges are added,it is still cheaper for a company to import Garment from Country Q to Country Y than to produce Garment in Country Y". The statement above, if true, best support which of the following assertions?

A Importing Garment from Country Q to Country Y will eliminate ten percent of new manufacturing jobs in Country Y.
B The tariff on a Garment imported from Country Q to Country Y is less than ten percent of the cost of manufacturing the Garment in Country Y.
C The fee for transporting Garment from Country Q to Country Y is more than ten percent of the cost of manufacturing the Garment in Country Q.
D It takes ten percent less time to manufacture a Garment at Country Q than it dos in Country Y.

Correct Answer: Importing Garment from Country Q to Country Y will eliminate ten percent of new manufacturing jobs in Country Y.

Bissoy MCQ
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Related Questions

The cost of producing rice in country Q is 10 percent less than the cost of producing rice in country Y. Even after transportation fees and tariff charges are added. it is still cheaper for a company to import rice form country Q to country Y than to produce rice in country Y? The statements above , if true , best support which of the following assertions?
A Labor costs in country Q are 10 percent below those in country Y .
B Importing rice from country Q to country Y is less than 10 percent of the cost of manufacturing rice in country Q .
C The fee for transporting rice from country Q to country Y is more than 10 percent of the cost of manufacturing rice in country Q .
D It takes 10 percent less time to manufacture rice in country Q than it does in country Y.
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A Statement I is the cause and Statement II is its effect
B Statement II is the cause and Statement I is its effect
C Both the Statement I and II are independent cause
D Both the Statement I and II are independent are effect of some common cause
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