Exams Net
Unrestricted Exams Practice
Home
Exams
Banking
CUET
Defence
Engineering
Finance
GATE
Insurance
International
JEE
LAW
MBA
MCA
Medical
Other
Police
PSC
RRB
SSC
State Govt
Subjectwise
Teacher
SET Exams
UPSC
Aptitude
Algebra and Higher Mathematics
Arithmetic
Commercial Mathematics
Data Based Mathematics
Geometry and Mensuration
Number System and Numeracy
Problem Solving
Board Exams
Andhra
Bihar
CBSE
Gujarat
Haryana
ICSE
Jammu and Kashmir
Karnataka
Kerala
Madhya Pradesh
Maharashtra
Odisha
Tamil Nadu
Telangana
Uttar Pradesh
English
Competitive English
CBSE
CBSE Class 10 Solutions
CBSE Class 12 Solutions
CBSE Question Papers (Pdf)
NCERT Books (Pdf)
NCERT Exemplar Books (Pdf)
NCERT Study Notes (Pdf)
CBSE Study Concepts (Pdf)
NCERT Text Book Class 11 Solutions
NCERT Text Book Class 12 Solutions
ICSE Class 10 Papers
Certifications
Technical
Cloud Tech Certifications
Security Tech Certifications
Management
IT Infrastructure
More
About
Contact Us
Our Apps
Privacy
+
-
Default
Dark
Blue
Green
Violet
Crimson
Red
Cafe
Gold
Orange
Olive
Grey
Test Index
GMAT Verbal Reasoning Practice Test 2
Show Para
Hide Para
Share question:
© examsnet.com
Question : 13 of 101
Marks:
+1
,
-0
The cost of manufacturing sports shoes in Macao is 25% less than the cost of manufacturing them in the Philippines. Even after transportation fees and tariff charges are added, it is still cheaper for a company to import sport shoes from Macao to the Philippines than to manufacture sports shoes in the Philippines.
The statements above, if true, best support which of the following assertions?
Labor costs in Macao are 25% below those in the Philippines.
Importing sports shoes from Macao to the Philippines will eliminate 25% of the manufacturing jobs in the Philippines.
The tariff on sports shoes imported from Macao to the Philippines is less than 25% of the cost of manufacturing sports shoes in the Philippines.
The fee for transporting a pair of sports shoes from Macao to the Philippines is more than 25% of cost of manufacturing the shoes in Macao.
It takes 25% less time to manufacture a pair of sports shoes in Macao than it does in the Philippines.
Validate
Go to Question:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
Prev Question
Next Question
Advertisements