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'It has been all downhill for the West since China entered the world market; we just can't compete with hundreds of millions of people willing
'It has been all downhill for the West since China entered the world market; we just can't compete with hundreds of millions of people willing to work for almost nothing." Assuming that the statement above fails to connect wages and productivity, which of the following statements is true? O A. It is cheaper to produce some goods in the U.S. because an absolute advantage exists here. O B. It is cheaper to produce all goods in China because technology is more advanced there. O C. It is cheaper to produce all goods in China because wages are lower there. O D. It is cheaper to produce some goods in the U.S. because productivity is higher here. O E. It is cheaper to produce all goods in China because more workers are available there.The Ricardian model unequivocally asserts that countries as a whole will always gain from trade because it O A. shows that trade makes everyone more productive. O B. ignores the effects of trade on the distribution of income across countries. O C. ignores the effects of trade on the distribution of income within countries. O D. proves that trade raises everyone's income
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