In a 2007 New York Times article Paul Krugman wrote that
A)the infant-industry argument works well as an argument in favor of protection for the U.S.steel industry.
B)the negative effects of third world exports on U.S.wages may be increasing.
C)there are social gains to the U.S.from free trade.
D)high wage countries account for a growing share of U.S.imports of manufactured goods.

Question

Quizplus · Accepted Answer

In the article, Krugman discusses the potential negative impact that third world exports could have on U.S. wages, stating that "the downward pressure on wages from third-world competition may now be intensifying."

In a 2007 New York Times Article Paul Krugman Wrote