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Showing content with the highest reputation on 12/01/2024 in Posts

  1. 1 point
    Here's a thought experiment for you: Country A pays their workers on average 60K per year. Country B pays their workers on average 15K per year. What should country A do to compete with country B? A. Force workers to accept 25% of their current wages B. Tariff the goods from country B to offeset their labor advantage C. Do nothing and allow work to move to country B ?