Low-wage manufacturing industries exhibit which of the following?

Question

Quizplus · Accepted Answer

Low-wage manufacturing industries typically have low output per worker due to the lack of investment in capital and technology, which would increase productivity.

Answer: B
 Added value refers to the increase in value that is added to a product at each stage of production. In low-wage manufacturing industries, labor's share of total employment is usually high, but the added value to the final product can still exceed the cost of labor, resulting in profitability for the firm.

Answer: C
 Low-wage manufacturing industries often employ workers with lower levels of education and skills, as those with higher levels of education and skills generally command higher wages. Therefore, option C is not correct.

Therefore, the correct answer is A and B.

Low-Wage Manufacturing Industries Exhibit Which of the Following