Elucidate why the general level of wages is higher

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Q. Elucidate why the general level of wages is higher in the United States and other industrially advanced countries. What is the single most important factor underlying the long-run increase in average real-wage rates in the United States?

Q. When a cold snap hits florida, the price of orange juice rises in super markets through out the country. elucidate the statement using supply and demand diagrams

Reference no: EM1347812

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