Compared to workers in poor countries, workers in richer countries have
a. lower productivity but higher wages.
b. higher productivity and higher wages.
c. higher productivity but lower wages.
d. the same productivity but higher wages.
b
Economics
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When there is a recessionary gap, capital and labor resources are:
A. decreasing in number. B. not being fully utilized. C. producing beyond their capacity. D. misallocated.
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What is the main advantage and the main disadvantage of organizing a businesses as either a proprietorship or as a partnership rather than as a corporation?
What will be an ideal response?
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Explain how the law of comparative advantage does benefits developing countries.
What will be an ideal response?
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Fill in Table.
Economics