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>
Answer:
Country X does not have a healthy economy. The prices for basic goods have increased. Fewer people in country X have jobs, and output has fallen along with the country’s GDP. These events have led to fewer people being able to afford college. On the other hand, country Y has a healthy economy. Its output as shown by GDP is increasing. The prices are fairly stable in country Y. More people have jobs, and they have an opportunity for higher education.
The more battles he won, the more likely he would become president
B.) because co pay is insuance pays part and you pay the other
