Wages are low in poor countries because _____
A) businesses are poorly run.
B) the government invests in stocks and bonds.
C) more than half of the population consists of people above 65 years of age.
D) people in these countries prefer leisure over work.
E) the government provides for unemployment benefits that make workers less willing to work.

Question

Quizplus · Accepted Answer

Poorly managed businesses can lead to inefficiencies and lower productivity, which in turn can contribute to lower wages.

Wages Are Low in Poor Countries Because _____