A Comparison of Wages in the U

question 50

Multiple Choice

A comparison of wages in the U.S.and in less developed countries shows that:

• A)high-wage U.S.labor cannot compete with low-wage labor in many developing countries.
• B)workers in the U.S.are more productive than workers in less developed countries.
• C)the substitution of labor for capital depresses wages and increases unemployment.
• D)the supply of labor in developed countries had increased faster than demand.

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Definitions:

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