Question: A U.S. firm will always hire cheaper labor instead of more expensive labor, no matter where in the world the cheaper labor appears. Do you

A U.S. firm will always hire cheaper labor instead of more expensive labor, no matter where in the world the cheaper labor appears. Do you agree or disagree with this statement? Explain your answer.

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Disagree Suppose that in country 1 the MPP of labor is 50 and the wage rate is 25 ... View full answer

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