If labor in mexico is less productive than labor in the united states in all areas of production:____.
a. then neither nation can benefit from trade.b. then mexico can benefit from trade but the US cannot.c. then the united states will have a comparative adv relative to mexico in the production of all goods.d. then both mexico and the us still can benefit from trade.

Question

22-07-2022
Business

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If labor in mexico is less productive than labor in the united states in all areas of production:____.
a. then neither nation can benefit from trade.b. then mexico can benefit from trade but the US cannot.c. then the united states will have a comparative adv relative to mexico in the production of all goods.d. then both mexico and the us still can benefit from trade.

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shivanijain4931 shivanijain4931 · Answer 1 · 2022-07-31T16:35:57+02:00

If labor in Mexico is less productive than labor in the united states in all areas of production then both Mexico and us still can benefit from trade.

Labor is the amount of physical, mental and social effort spent to produce goods and services in the economy. We provide the know-how, human resources, and services necessary to turn raw materials into finished products and services.

A business that requires more people and fewer machines is known as a labor-intensive business. The beauty, home construction, education and fashion industries are examples of labor-intensive industries.

Learn more about labor here:https://brainly.com/question/453055

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