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book Economics of Macro Issues 7th Edition by Roger LeRoy Miller,Daniel Benjamin cover

Economics of Macro Issues 7th Edition by Roger LeRoy Miller,Daniel Benjamin

Edition 7ISBN: 978-0134018959
book Economics of Macro Issues 7th Edition by Roger LeRoy Miller,Daniel Benjamin cover

Economics of Macro Issues 7th Edition by Roger LeRoy Miller,Daniel Benjamin

Edition 7ISBN: 978-0134018959
Exercise 3
If labor costs are extremely high in one country compared to another, what is the usual mechanism that allows the high-cost country to still be competitive in its export markets?
Explanation
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Labor cost  is a part of variable cost o...

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Economics of Macro Issues 7th Edition by Roger LeRoy Miller,Daniel Benjamin
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