Trade between the United States and Guatemala
A)benefits both the United States and Guatemala.
B)is a losing proposition for the United States because Guatemalan labor is less expensive than U.S.labor.
C)is a losing proposition for Guatemala because capital is much more abundant in the U.S.than in Guatemala.
D)is a losing proposition for Guatemala because U.S.workers are more productive than Guatemalan workers.

Question

Quizplus · Accepted Answer

Trade between the United States and Guatemala benefits both countries as they can exchange goods and services that they can produce efficiently and at lower costs, leading to increased trade, economic growth, innovation, and job creation in both countries. While there may be challenges such as differences in labor costs and productivity levels, overall, the benefits from trade outweigh the costs for both nations.

Trade Between the United States and Guatemala