Examlex
Which of the following may NOT explain why tall people tend to have higher wages than short people?
Relative Costs
The cost of one good or service compared to another, often considered in terms of the opportunity cost of choosing one option over another.
Labor-Productivity
The measure of the amount of goods and services produced by one hour of labor.
Comparative Advantage
The ability of an entity to produce a good or service at a lower opportunity cost than others, leading to more efficient international trade.
Comparative Advantage
The ability of an individual, company, or country to produce a particular good or service at a lower opportunity cost than competitors, leading to more efficient international trade.
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