Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 24 - International Trade - Discussion Questions: 3

Answer

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Work Step by Step

Many toys are produced in China because it takes a lot of labor to make toys. Also, because China has such low wages, it is worth it for companies to send the job overseas in order to decrease the production costs.
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