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Wages in the United States Are Higher Than Wages in China

Question 7

Multiple Choice

Wages in the United States are higher than wages in China primarily because


A) worker productivity is higher in the United States.
B) in the United States, less capital is required per employee.
C) China has more natural resources that employees can work with.
D) the United States has more people and, therefore, a larger number of skilled workers.

Correct Answer:

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