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The graph below (from the magazine The Economist) shows China's share of global manufacturing exports along with China's average monthly wages for manufacturing workers. Use
The graph below (from the magazine The Economist) shows China's share of global manufacturing exports along with China's average monthly wages for manufacturing workers. Use your analysis of the sprocket market above to explain (using detailed logic but no math) what you think will happen to China's share of global exports if its manufacturing wages continue to rise, and why
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Price Theory and Applications
Authors: Steven Landsburg
9th edition
1285423526, 978-1285947877, 1285947878, 978-1285423524
