Which of the following are TRUE regarding the argument that trade barriers protect U.S. workers from cheap foreign labor?
I. Low-wage foreigners are just as productive as U.S. workers.
II. U.S. workers have a comparative advantage in low -wage jobs.

Question

Quizplus · Accepted Answer

Low-wage foreigners are not necessarily as productive as U.S. workers, and U.S. workers typically do not have a comparative advantage in low-wage jobs. The argument that trade barriers protect U.S. workers from cheap foreign labor is often based on the idea that foreign workers can produce goods at lower costs due to lower wages, not necessarily due to equal productivity.

Which of the Following Are TRUE Regarding the Argument That