If labor unions are successful in their lobbying efforts to have the WTO include labor and environmental standards in future agreements:
A)world-wide labor costs would fall and reduce inflation,thereby increasing real wages
B)foreign labor and product costs would rise,thereby increasing the demand for unionized workers in the U.S.
C)living conditions would improve in developing countries,thereby increasing their rates of economic growth
D)labor and production costs would decrease in developing nations,thereby improving prospects for unions to win certification votes in those countries

Question

Quizplus · Accepted Answer

If labor unions are successful in their lobbying efforts to have the WTO include labor and environmental standards in future agreements, foreign labor and product costs would likely rise in order to comply with these standards. This would make unionized workers in the U.S. relatively more competitive and in demand, leading to an increase in their employment and potentially their wages.

If Labor Unions Are Successful in Their Lobbying Efforts to Have