Register
Do lower wages in Country A necessarily imply that jobs will flow to that country? No. Since workers cannot move to other countries, international trade has no effect on jobs whatsoever. No. Lower wages
80,585 views
39 votes
39 votes
Do lower wages in Country A necessarily imply that jobs will flow to that country?

No. Since workers cannot move to other countries, international trade has no effect on jobs whatsoever.

No. Lower wages imply lower productivity per worker. Some jobs will flow there, but not all jobs

Yes. Firms try to maximize profits and thus will always outsource to where the lowest wages are paid

Yes. Wages are arbitrary and firms will chase the lowest wages possible

User Ivan C
by
3.2k points

1 Answer

17 votes
17 votes

Answer:

Globalization is clearly contributing to increased integration of labor markets and closing the wage gap between workers in advanced and developing economies, especially through the spread of technology. It also plays a part in increasing domestic income inequality.

Step-by-step explanation:

User Keith K
by
3.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

If the rate of inflation in Japan dramatically increases while the rate of inflation in the United States remains constant, then a. the demand curve for dollars shifts to the left. b. the demand curve
The market value of the equity of Hudgins, Inc., is $582,000. The balance sheet shows $21,000 in cash and $192,000 in debt, while the income statement has EBIT of $93,000 and a total of $137,000 in depreciation
Kylie is risk averse and has $1,000 with which to make a financial investment. She has three options. Option A is a risk-free government bond that pays 5 percent interest each year for two years. Option
From the standpoint of the issuing company, a disadvantage of using bonds as a means of long-term financing is that Group of answer choices bond interest is deductible for tax purposes. interest must be
Elroy Rocket is entering his senior year as an accounting major and has a number of options for his summer break. His options for the 3 month break follow: (1) Work full time at a local accounting firm
Link Copied!