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Suppose wages in the Philippines are one-tenth of wages in the United States Why don't all U S. firms move production to the Philippines? The
Suppose wages in the Philippines are one-tenth of wages in the United States Why don't all U S. firms move production to the Philippines? The selling price in the Philippines is also equally as low Lower wages may mean lower worker productivity, It is possible that labor costs are still cheaper in the U.S Moving to the Philippines would cause wages to rise until they were the same wages paid to U.S. workers Consumers would not be able to afford the products since they don't have jobsSuppose that Jacob and Julie have the ability to pick either apples or strewberes The following table shows how much they can pick in one hour Quantity Picked in One Hour Pounds of Apples Pounds of Strawberries Jacob Julie Calculate the opportunity costs of picking apples and strawberries One Pound of Apples One Pound of (pounds of Strawberries (pounds of strawberries) apples) Jacob Julie Check
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