bluetrout960Lv1
9 Nov 2021
Problem 26
Page 830
Section: REVIEW QUESTIONS
Chapter 34: Globalization and Protectionism
Textbook ExpertVerified Tutor
9 Nov 2021
Introduction
The cross-border trading of goods and services is known as international trade. Foreign trade boosts a country’s productivity by allowing businesses and employees to take advantage of their comparative advantages. Those who are more effective in the workplace are more appealing. As a result, there is a greater demand for workers, resulting in wage increases in the labor market. As a result, global trade boosts the average pay level of the country.
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