Which is the most accurate statement?A) Before the 1960s the workers in low-wage nations were no threat to workers in high-wage economies because they had so little capital to work with.B) Labor has long been much more mobile than capital.C) In recent years America has become a low-wage country relative to most of the rest of the world.D) Despite a flood of imported goods,our manufacturing employment is more than double what it was in 1960.

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Meagan Turrubiates · Accepted Answer

Final Answer : A, Explanation :  Before the 1960s, the limited capital in low-wage nations indeed made workers in these countries less of a competitive threat to workers in high-wage economies. This was due to the fact that the productivity of workers in low-wage countries was significantly lower, largely because of their limited access to capital, advanced technology, and efficient infrastructure, which are critical for high productivity levels.

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