In developing countries, labor is cheap and low wages are paid to employees. This enables firms to manufacture products at a low cost and, therefore, to fix low prices for them too. Such goods are exported because they become attractive in the international sphere due to their price. Domestic products from developed nations cannot compete in prices with those imports, because their production costs are much higher, specially the labor costs.
If domestic products cannot compete with imports, domestic firms will not be able to sell their products and this would lead to decrease in sales, a loss of profit and to an excess of employees that wil have to be dismissed.
<u>In absolute terms, low wages in a developing country reduce the production, income and employment levels in developed countries. </u>
The Roman Empire Created The World's First Firefighting Brigades. Have A Great Day!
Answer: A. Use scientific method to collect data and establish facts
Explanation:
Here are the options for the questions;
A)use the scientific method to collect data and establish facts
B)have the children undergo psychoanalysis
C)interview parents and teachers
D)read Dr. Spock's book Baby and Child Care
Using scientific method would help
Dr. Henderson gain understanding on the subject matter.
Answer:
By 1863, however, the Northern military plan consisted of five major goals: Fully blockade all Southern coasts. This strategy, known as the Anaconda Plan, would eliminate the possibility of Confederate help from abroad. Control the Mississippi River.
Explanation: