Solved

The Main Explanation for Why the Cheap Foreign Labor Argument

Question 67

Multiple Choice

The main explanation for why the cheap foreign labor argument is a poor reason for restricting international trade is that:


A) workers who get paid less tend to have lower productivity than those who get paid more.
B) all firms and workers gain when there are no restrictions on international trade.
C) infant industries such as steel and automobiles need to be protected.
D) specialization and free trade usually raise the prices of all the traded goods, so that the workers can get paid more.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents