Because Chinese wages are much lower than wages in the United States, the Chinese can outcompete the United States in everything.

Question

Quizplus · Accepted Answer

Although Chinese wages are lower than wages in the United States, many factors affect competitiveness, such as productivity, technology, infrastructure, and regulations. The United States has advantages in these areas, which can offset the wage differences. Additionally, trade restrictions and tariffs can impact the competitiveness of both countries.

Because Chinese Wages Are Much Lower Than Wages in the United