In what way does the high U.S. tariff (15.3%) on garments imported from Bangladesh affect Bangladeshi workers?
A) It lowers profits of the Bangladeshi garment industry, thus making it difficult for the industry to pay higher wages.
B) It raises profits of the Bangladeshi garment industry, thus making it easier for the industry to pay higher wages.
C) It reduces exports to the United States, thus allowing more Bangladeshi workers to immigrate to the United States.
D) It has no effect on Bangladeshi workers.
Correct Answer:
Verified
Q110: Most economists are opposed to the "living
Q111: Do the provisions of the GATT and
Q112: One observation from the National Bureau of
Q113: Europe had refused to import genetically modified
Q114: Walmart has been pursuing improvements in its
Q116: When does an externality occur?
A) when one
Q117: The tuna-dolphin dispute was ruled by the
Q118: Why did the United States suspend its
Q119: Which of the following is an example
Q120: Suppose that the U.S. government required firms
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents