Wages in the United States are higher than those in India primarily because
a. the weather is better in the United States.
b. a larger proportion of the labor force is unionized in the United States.
c. less capital per employee is required in the United States.
d. the human and physical capital of American workers exceeds that of their Indian counterparts.
D
Economics
You might also like to view...
The money market is in equilibrium when there is no excess supply of or excess demand for bonds
a. True b. False
Economics
Susan says, "If the price of wool coats goes up, suppliers will offer more of the coats for sale." Brad replies, "It takes three months to harvest wool and employ all the steps necessary to produce a wool coat. Quantity supplied cannot possibly increase for three months." Is Brad correct? Why or why not?
Economics