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Elucidating the shift in the labor supply curve to the right also decrease in the salary rate.

Chinese workers earn only $0.50 an hour; if we allow China to export as much as it likes, our workers will be forced down to the same level. You can't import a $10 shirt without importing the $0.50 wage that goes with it. Discuss.

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M919600

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