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The more substitutes there are for a good
High-wage Country
A country characterized by relatively high levels of wages for its workers compared to other nations.
Demand for Labor
The total amount of workers that employers want to hire at a given wage rate, in a given period.
Return on Capital
A measure of a company's profitability, calculated as the profit generated by its capital investment, often expressed as a percentage.
Immigration
Establishing permanent residence in a nation other than the one where you originally belong.
Q21: The demand and supply equations for the
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