Higher Wages and Improved Benefits for Workers in Core Nations

question 13

True/False

Higher wages and improved benefits for workers in core nations is possible because added surplus from the periphery enables companies to maintain high profit margins.

---

Definitions:

Abbreviation

An abbreviated version of a word or phrase.

Bill of Materials

A comprehensive list of raw materials, components, and assemblies required to construct, manufacture, or repair a product or service.

Standard Parts

Components that are manufactured to a set specification and can be used interchangeably across different devices or assemblies.

Fabricated

Items or structures that have been constructed or manufactured by assembling various parts.