Suppose a brutal dictator who never studied economics forced the people to work for 12 hours each day and paid them .01 cent per day. Assume that all firms are owned by the government and all wages are paid by the government. Please note the people have no personal freedom either. However, the brutal dictator did provide a minimum level of free food, electricity, water, healthcare, and indoctrination education telling young students how wonderful their Dear Leader is. Then imagine the dictator travelled the world advertising that his country had the lowest wages on Earth. He asked many companies to move their factories to his country where labor was dirt cheap. Conclusion: Why would this dictator fail in attracting global firms even though he paid the lowest wages on Earth? Multiple Choice In these situations, it is the "true cost per unit of labor" that matters. For example, a developing nation may have a lesser educated workforce without proper skills, they might have less efficient technology, have a poor healthcare system, and be less productive. Therefore, even though they pay cheap wages, the labor cost per unit of output might actually be higher because the firms will need to spend