Real wages are higher in the United States than in less developed countries for all of the
Following reasons,except:

Question

Quizplus · Accepted Answer

The size of the labor force does not necessarily determine real wages. Countries with smaller labor forces, such as Luxembourg or Switzerland, may have higher real wages than countries with larger labor forces. The other factors listed (skills, amount of capital, and output per worker) are all important determinants of real wages.

Real Wages Are Higher in the United States Than in Less