The Reason That Average Labor Costs Are Higher in the United

question 114

Multiple Choice

The reason that average labor costs are higher in the United States than in Haiti is that

• A) workers are more productive in the United States.
• B) U.S. workers have a comparative advantage.
• C) Haitian workers have a comparative advantage.
• D) Haitian workers do not have union representation.

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Definitions:

Data Aging

The process by which data becomes outdated or less relevant over time, often due to changes in context or the emergence of more current information.

Pay Equity

The concept that employees should receive equal pay for work of equal value regardless of gender, ethnicity, or other non-performance-related factors.

Market Comparator Firms

Companies used as benchmarks to evaluate competitive aspects such as salaries, benefits, and working conditions for benchmarking purposes.

Union Or Non-union

Describes whether a workforce is represented and protected by labor unions, or not affiliated with unions.