Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Wages in the United States are higher than wages in China primarily because worker productivity is higher in the United States. in the United States,

Wages in the United States are higher than wages in China primarily because

worker productivity is higher in the United States.
in the United States, less capital is required per employee.
China has more natural resources that employees can work with.
the United States has more people and, therefore, a larger number of skilled workers.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions