Workers in industrial countries earn much higher wages

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Reference no: EM131112227

Workers in industrial countries earn much higher wages than workers in developing countries because

a. the industrial countries lack a steady supply of unskilled laborers.

b. the industrial countries produce labor intensive goods.

c. the industrial countries are labor rich and capital poor economies.

d. the marginal productivity of labor is high in the industrial economies.

e. the marginal productivity of labor is low in the industrial economies.

Reference no: EM131112227

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