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Which of the following is/are true? 1. Because PPP-based consumer expenditures eliminate differences in relative prices marketers use these data to analyze how the composition of consumption changes with the level of development. Il. Income distribution studies confirm the belief that, generally, income is more evenly distributed in the industrialized countries Ill. The ageing population problem is more severe in industrialized countries such as Japan IV. Female labour force participation rate tends to increase as more women participate in labour market activities A) 1. II, Ill and IV are true. O B) only I, II and IV are true.Which of the following is/are true? 1. Because PPP-based consumer expenditures eliminate differences in relative prices marketers use these data to analyze how the composition of consumption changes with the level of development. Il. Income distribution studies confirm the belief that, generally, income is more evenly distributed in the industrialized countries Ill. The ageing population problem is more severe in industrialized countries such as Japan IV. Female labour force participation rate tends to increase as more women participate in labour market activities A) 1. II, Ill and IV are true. O B) only I, II and IV are true.Some believe the argument that trade with low wage countries leads to a loss of domestic jobs is overstated. Which of the following does NOT explain that belief? A) Low wage countries usually have a less productive workforce, meaning more workers will have to be hired to accomplish a task, erasing any labor cost advantages. B ) Direct subsidies to producers to keep jobs domestically create more distortions than tariffs. ) As low wage countries gain through trade more skills and access to capital, their productivity and wages will rise, erasing any wage benefits. D) Many jobs that appear to be lost due to trade with low wage countries are in fact lost to advances in technology, but it can be difficult to disentangle the two causes. Question 18 (1 point)Some believe the argument that trade with low wage countries leads to a loss of domestic jobs is overstated. Which of the following does NOT explain that belief? A) Low wage countries usually have a less productive workforce, meaning more workers will have to be hired to accomplish a task, erasing any labor cost advantages. B ) Direct subsidies to producers to keep jobs domestically create more distortions than tariffs. ) As low wage countries gain through trade more skills and access to capital, their productivity and wages will rise, erasing any wage benefits. D) Many jobs that appear to be lost due to trade with low wage countries are in fact lost to advances in technology, but it can be difficult to disentangle the two causes. Question 18 (1 point)