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Suppose golf ball workers in Japan earn $12 per hour, while golf ball workers in the Philippines earn $3 per hour on average. Assume these
Suppose golf ball workers in Japan earn $12 per hour, while golf ball workers in the Philippines earn $3 per hour on average. Assume these workers in Japan are 4 times more productive then workers in the Philippines. What happens given free trade and zero transaction costs? A. Workers in Japan will have their wages to $4 per hour. B. Workers in the Philippines wages increase to $12 per hour C. Workers in the Philippines wages decrease to $3 per hour D. Workers in Japan will have their wages fall to $9 per hour E. None of the above will happen
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