that is moving back to Canada from China.
b. The theory of the gains from trade says that a high-
productivity, high-wage country can gain from trading
with a low-wage, low-productivity country.
c. Technological change is rapidly reducing labour costs as a
proportion of total costs in many products; in many
industries that use high-tech production methods this
proportion is already well below 20 percent.
sean pound
(Sean Pound)
#1