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While high-paid American workers fear competition with low-paid foreign workers, low-paid foreign wo

Loraine

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While high-paid American workers fear competition with low-paid foreign workers, low-paid foreign wo

While high-paid American workers fear competition with low-paid foreign workers, low-paid foreign workers fear competition with high-paid American workers. Why?
A) It is completely irrational and unfounded.
B) Because America has such a large market it can protect its workers.
C) Because high wages reflect high worker productivity and the low-paid foreign workers are not as productive.
D) Because high wages are the result of extensive tariff and other trade restrictions.
E) Because high wages mean that U.S. workers can buy more goods and services.

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Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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Loraine Author

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9 years ago

Correct

derya1234

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Yesterday

Thanks for your help!!

bkrandy

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2 hours ago

Thank you, thank you, thank you!

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