Suppose USA has a high average wage level and a high level of output per person, while China has a low average wage level and low level of output per person. Both countries will be benefitted. How?
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Answer:
China.
Explanation:
China, a country with low wage level and low level of output will benefit from trade in this case china, because there is a larger opportunity gap in the market. This will attract investors both domestic and foreign hence increasing the level of wages to the labourers and increased level of output to the country.
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