subject
Business, 07.12.2019 04:31 allysoftball4878

Many people believe that because wages are lower in developing countries than in developed countries, competition from developing countries in goods traded internationally will soon eliminate large numbers of jobs in developed countries. currently, developed countries' advanced technology results in higher productivity, which accounts for their higher wages. advanced technology is being transferred even more speedily across borders, but even with the latest technology, productivity and wages in developing countries will remain lower than in developed countries for many years because developed countries have better infrastructure and better-educated workers. when productivity in a developing country does catch up, experience suggests that wages there will rise. some individual firms in developing countries have raised their productivity but kept their wages (which are influenced by average productivity in the country's economy) low. however, in a developing country's economy as a whole, productivity improvements in goods traded internationally are likely to cause an increase in wages. furthermore, if wages are not allowed to rise, the value of the country's currency will appreciate, which (from the developed countries' point of view) is the equivalent of increased wages in the developing country. and although in the past a few countries have deliberately kept their currencies undervalued, that is now much harder to do in a world where capital moves more freely.

1. the passage suggests that which of the following would best explain why, in a developing country, some firms that have raised their productivity continue to pay low wages? (a) wages are influenced by the extent to which productivity increases are based on the latest technology.(b) wages are influenced by the extent to which labor unions have organized the country's workers.(c) wages are not determined by productivity improvements in goods traded internationally.(d) the average productivity of the workers in the country has not risen.(e) the education level of the workers in the country determines wages.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 09:40
Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo suppose that $10,000 invested in microsoft at its ipo price had been worth $600,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)
Answers: 1
question
Business, 22.06.2019 11:00
Your debit card is stolen, and you report it to your bank within two business days. how much money can you lose at most? a. $500 b. $25 c. $50 d. $150
Answers: 2
question
Business, 22.06.2019 17:10
At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)
Answers: 3
question
Business, 22.06.2019 18:00
What would not cause duff beer’s production possibilities curve to expand in the short run? a. improved manufacturing technology b. additional resources c. increased demand
Answers: 1
You know the right answer?
Many people believe that because wages are lower in developing countries than in developed countries...
Questions
question
Mathematics, 17.09.2019 01:30
question
Mathematics, 17.09.2019 01:30
Questions on the website: 13722367