Asked by
Daisy Mendoza
on Oct 25, 2024
Verified
If Indonesia has lower wage rates than India,trade between these two nations will make India worse off.
Wage Rates
The standardized amount of money paid for a specific quantity of labor or output, typically expressed as an amount per hour.
- Master the idea of comparative advantage and what it means for worldwide trade.
- Comprehend how trade impacts wages and employment in various labor markets.
Verified Answer
HL
Learning Objectives
- Master the idea of comparative advantage and what it means for worldwide trade.
- Comprehend how trade impacts wages and employment in various labor markets.
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