An editorial in the Wall Street Journal refers to Chinas comparative advantage in low-end manufacturing. If this

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An editorial in the Wall Street Journal refers to China’s “comparative advantage in low-end manufacturing.” If this observation is correct, can we conclude that Chinese factories will be able to produce more low-end manufactured goods per hour worked than can factories in the United States and in China’s other trading partners? Briefly explain.

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Economics

ISBN: 9780135957554

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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