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 answer is B. Structuralism
This school believes that the mind is divided into three
basic elements, namely: sensations, feelings and images. This idea allows
psychologist to study the interaction between the elements in order to create a
conscious experienced. This will allow the person to associate the elements to
one another and thus create a perception
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