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Unformatted text preview: trade? 4. How can a country have low wages yet high costs of producing some goods? 5. What will firms do if wages are less than the value of the output produced by an additional worker? 6. What did Golub find about unit labor costs in developing countries such as Malaysia, India, and the Philippines compared to the United States? 7. Did Golub find that wages explained the pattern of trade in manufacturing? 8. If emerging economies experience faster productivity growth than the United States, how will wages adjust?...
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This note was uploaded on 02/13/2012 for the course ECON 452 taught by Professor Vacaflores during the Fall '06 term at Texas A&M.
- Fall '06