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1. 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. Labor costs in country Q are 10 percent below those in country Y
  • C. Labor costs in country Q are 10 percent below those in country Y
  • D. Labor costs in country Q are 10 percent below those in country Y

Answer: Option C

Explanation:


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