Due to market imperfections, the cost of factors of production (such as labour) may differ substantially across countries.

Name: Due to market imperfections, the cost of factors of production (such as labour) may differ substantially across countries.
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Question

Quizplus · Accepted Answer

Market imperfections, such as differences in regulations, labor laws, and economic conditions, can lead to variations in the cost of production factors like labor across different countries.

Due to Market Imperfections, the Cost of Factors of Production