ECON 226 - In less-developed countries, labor is less costly
Question # 00621195
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Updated on: 11/23/2017 01:22 PM Due on: 11/23/2017
In less-developed countries, labor is less costly relative to machinery and equipment, so labor is substituted for what other inputs?
At a high enough wage rate, the person feels that he or she can afford to take more leisure time. Why would they feel that way comment with examples.
Discuss why computer science professors earn more than English professors, and what comparable worth would mean to each professor's salary?
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Rating:
5/
Solution: ECON 226 - In less-developed countries, labor is less costly