The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Workers in industrial countries earn much higher wages than workers in developing countries because:

Question

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5
 
-Workers in industrial countries earn much higher wages than workers in developing countries because:

Quizplus · Accepted Answer

The higher wages in industrial countries can be explained by the higher marginal productivity of labor in these economies. This means that each worker in industrial countries can produce more than each worker in developing countries, leading to higher wages. Factors that contribute to higher productivity include better education, technology, and infrastructure in industrial countries.

The Table Below Shows the Quantity Demanded (In Thousands) and Quantity