The wages of workers displaced by international trade will fall less when
A) the substitution effect is larger.
B) the scale effect is larger.
C) workers are close substitutes with foreign workers.
D) unemployment benefits are made less generous.
Correct Answer:
Verified
Q1: When trade takes place and there are
Q2: Which of the following is NOT part
Q3: Mr.X,an American,loses his job due to foreign
Q4: With differing comparative advantages,nations who trade (compared
Q6: The size of the substitution effect when
Q7: Nation X can produce with one unit
Q8: Mr.X is a total loser.He is worse
Q9: Which of the following has NOT usually
Q10: The wage rates of Southerners have been
Q11: Mr.X values a good at $100 and
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