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Tidy Tidy
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8 years ago
Your roommate Hansen argues that American producers cannot compete with foreign producers because wages are lower in foreign countries than in the United States. Hansen
A) is incorrect. Free trade raises living standards by increasing economic efficiency.
B) is right in asserting the need to protect high wages if the United States wishes to maintain its high standard of living.
C) is correct in arguing that the high wages of U.S. workers make it impossible to compete with workers in low-wage countries.
D) is advancing the anti-dumping argument for protectionism.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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SydnieSydnie
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8 years ago
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Tidy Author
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8 years ago
Brilliant ツ
karamsidhu1
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Yesterday
Thanks for your help!!
GeorgeNeist
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2 hours ago
Thanks
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