Over the last five decades,relative to the United States,real wages among industrialized countries have
A) become equal.
B) moved farther away.
C) moved closer together.
D) increased, then decreased.

Question

Quizplus · Accepted Answer

Real wages have moved closer together among industrialized countries over the last five decades. This can be attributed to globalization and the increasing competition for jobs and labor markets. As countries become more connected, the wages in each country tend to converge towards a similar level.

Over the Last Five Decades,relative to the United States,real Wages