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Economics

European Union labor costs exceed U.S. and British labor costs primarily because

Answer

Worker productivity is lower in the EU

Union wages are higher in the EU

Layoffs and plant closings are more restrictive in the U.S. and Britain

The amount of paid time off is higher in the EU

Labor-management relations are better in the EU

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91231968

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