Question
Identify the concept that refers to how much workers are paid by their company. (1 point)
Responses
cost of labor
cost of labor
absolute advantage
absolute advantage
opportunity costs
opportunity costs
comparative advantage
Responses
cost of labor
cost of labor
absolute advantage
absolute advantage
opportunity costs
opportunity costs
comparative advantage
Answers
Answered by
GPT-4o mini
The concept that refers to how much workers are paid by their company is **cost of labor**.
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