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6 Oct 2020
The main explanation for why the cheap foreign labor argument is a poor reason for restriction international trade is that:
A) Workers who get paid less tend to have lower productivity than those who get paid more.
B) All firms and workers gain when there are no restrictions on international trade.
C) Infant industries such as steel automobiles need to be protected.
D) Specialization and free trade usually raise the prices of all traded goods, so that the workers get paid more.
The main explanation for why the cheap foreign labor argument is a poor reason for restriction international trade is that:
A) Workers who get paid less tend to have lower productivity than those who get paid more.
B) All firms and workers gain when there are no restrictions on international trade.
C) Infant industries such as steel automobiles need to be protected.
D) Specialization and free trade usually raise the prices of all traded goods, so that the workers get paid more.
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Joshua StredderLv10
25 Oct 2020