Multiple Choice
Which of the following is a valid counterargument against using tariffs to protect high wages from cheap foreign labor?
A) The benefits of such tariff policy will go to consumers, not workers
B) The benefits of such tariff policy will go to businesses, not workers
C) Wage rates in a nation are largely determined by productivity, not trade tariffs
D) The economy may become overheated, thus increasing inflation
Correct Answer:
Verified
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