The globalization of production may have: Select one: a. increased the inefficiency of labour productivity. b. caused real wages to rise by unusually rapid rates. c. pulled down the real wages of unskilled workers - and therefore the average real wages of all workers. d. increased the demand for unskilled workers and increased their real wages. e. reduced employer interest in pay-for-performance schemes.
The globalization of production may have: Select one: a. increased the inefficiency of labour productivity. b. caused real wages to rise by unusually rapid rates. c. pulled down the real wages of unskilled workers - and therefore the average real wages of all workers. d. increased the demand for unskilled workers and increased their real wages. e. reduced employer interest in pay-for-performance schemes.
Chapter1: Making Economics Decisions
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The globalization of production may have:
Select one:
a. increased the inefficiency of labour productivity.
b. caused real wages to rise by unusually rapid rates.
c. pulled down the real wages of unskilled workers - and therefore the average real
wages of all workers.
d. increased the
e. reduced employer interest in pay-for-performance schemes.
Expert Solution
Step 1
Globalization of production is a key component of economic globalisation, which also includes commerce, foreign investment, and labour mobility. Globalization of production has developed as a result of the gradual removal of trade restrictions and the facilitation of capital movements.
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