/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q. 41 Why do you think labor standards... [FREE SOLUTION] | 91影视

91影视

Log out

Learning Materials

Features

Discover

Chapter 21: Q. 41 (page 523)

Why do you think labor standards and working conditions are lower in the low-income countries of the world than in countries like the United States?

Short Answer

Expert verified

Due to existence of abundant supply.

Step by step solution

01

Step1. Introduction

Labor standards and working conditions of a country define the income of a country. It divides the countries into low-income countries and high-income countries.

02

Step2. Explanation

It is generally observed that low income countries have abundant supply of labor. As a result of availability of abundant labor, the wages fall and the workers to earn work at lowest of low wages and worst of working conditions, all due to the competition.

High labor standards are a luxury for low-income countries. Because of less attractive alternative jobs, the workers in these countries prefer higher wages over better labor standards.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91影视!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Do the rules of international trade require that all nations impose the same consumer safety standards?

Is it legitimate to impose higher safety standards on imported goods that exist in the foreign country where the goods were produced?

Why is the national security argument not convincing?

An economic union requires giving up some

political autonomy to succeed. What are some examples of political power countries must give up to be members of an economic union?

What might account for the dramatic increase in international trade over the past 50 years?
See all solutions

Recommended explanations on Economics Textbooks

Taxation Economics

Read Explanation
View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.