_____ is an example of a country with a highly decentralized approach to pay setting with higher wage felxibility.

Question

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The United States of America has a highly decentralized approach to pay setting with higher wage flexibility. Wages are primarily determined by market competition and individual negotiations between employers and employees, rather than by centralized wage-setting institutions. This results in greater variation in wages across industries and regions, and more flexibility for firms to adjust wages in response to market conditions.

_____ Is an Example of a Country with a Highly