Question 9 6.67 pts The term "world surplus population" refers to people who are not integrated...
Homework Answers
The term "world surplus population" refers to people who are not integrated into the global economy but whose existence presses down the wage levels worldwide.
This is a true statement
Explanation: World surplus population consists of those people who do not belong to any nationality. Thus, these people are not a part of the global economy. Consequently, their existence forces the wage levels worldwide.
Reason: They are willing to work at any wage rate which is generally lower than the prevalent wage rate worldwide and thus thee wage rate forces to fall. As a result, the labor force who are not a part of the world surplus population had to maintain a poorer lifestyle than before.
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Question 9 6.67 pts
The term "world surplus population" refers to people who are
not integrated...
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