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capriciossa capriciossa
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2 months ago

Smith argues that American producers cannot compete with foreign producers because wages are lower in foreign countries than in the United States. Smith is



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advancing the foreign export subsidies argument for protectionism.



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making the mistake of believing that high wages mean high costs.



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advancing the antidumping argument for protectionism.



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making the mistake of believing that productivity is higher in foreign countries than in the United States.



▸

none of the above

Textbook 
Economics

Economics


Edition: 12th
Author:
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toastercattoastercat
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2 months ago
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making the mistake of believing that high wages mean high costs.
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capriciossa Author
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2 months ago
Helped a lot
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Thanks for your help!!
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You make an excellent tutor!
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