Which is a valid counterargument to use tariffs to protect high wages from cheap foreign labour?
A) The benefits of such a policy will go to consumers, not workers.
B) The benefits of such a policy will go to businesses, not workers.
C) Wage rates in a nation are largely determined by productivity.
D) The economy may become overheated, thus increasing inflation.
Correct Answer:
Verified
Q171: The North American Free Trade Agreement (NAFTA):
A)resulted
Q172: As of 2011, 16 out of 27
Q173: Regional free-trade zones refers to a:
A)group of
Q174: The cheap foreign labour argument suggests that:
A)trade
Q175: The World Trade Organization:
A)is also known as
Q177: Which of the following is one of
Q178: The 1993 General Agreement on Tariffs and
Q179: The cheap foreign labour argument suggests that:
A)to
Q180: The proponents of the cheap foreign labour
Q181: Which of the following countries had the
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