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Wages in the United States Are Higher Than Those in India

Question 3

Multiple Choice

Wages in the United States are higher than those in India primarily because


A) the weather is better in the United States.
B) a larger proportion of the labor force is unionized in the United States.
C) less capital per employee is required in the United States.
D) the human and physical capital of American workers exceeds that of their Indian counterparts.

Correct Answer:

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