Textile workers in the U.S. complain that they cannot compete with low cost foreign textile producers. While some U.S. textile workers may lose their jobs, an advantage is
A) the U.S. gets cheaper textiles
B) U.S. imports will become more expensive so U.S. domestic producers gain
C) workers in other countries will buy more U.S. clothing exports
D) the U.S. can retaliate and its exporting strength is greater
E) the U.S. can dump its textiles on other markets without fearing retaliation because U.S. textiles are made with high cost labor
Correct Answer:
Verified
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