Wages Are Low in Poor Countries Because _____

question 195

Multiple Choice

Wages are low in poor countries because _____

• A) businesses are poorly run.
• B) the government invests in stocks and bonds.
• C) more than half of the population consists of people above 65 years of age.
• D) people in these countries prefer leisure over work.
• E) the government provides for unemployment benefits that make workers less willing to work.

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Definitions:

Debit Balance

The condition of an account when the total of debits exceeds the total of credits, typically indicating assets or expenses.

Merchandisers

Companies or individuals involved in the business of retailing or wholesaling goods.

Wholesalers

Merchants who buy goods from suppliers and manufacturers for sale to retailers.

Retailers

Merchants who buy goods from wholesalers for resale to customers.