Differences in the productivity of labor account for comparative advantage if:
a. the minimum wage varies across the countries.
b. the size of the domestic market varies across the countries.
c. different countries have differences in labor hours required to produce each good.
d. the strength of workforce varies across countries.
e. the laborers are paid different wages in different countries.
c
Economics
You might also like to view...
Based on the graph above, a cause of movement from point 1 to point 2 might be ________
A) a positive price shock B) government policy that lowers unemployment C) an increase in potential output D) an increase in expected inflation E) none of the above
Economics
The greater the social immobility is within a country, the greater the chance that human talent and skills will not go to waste
Indicate whether the statement is true or false
Economics