How does Rodrik feel about the argument that imports from China have become the leading scapegoat for stagnant median wages in the United States?
a. He believes that China's promotion of manufacturing has not affected the U.S. economy at all.
b. He believes that the Chinese trade surplus is a relatively small amount and is appropriately based on the typical GDP of a developing country.
c. He disagrees with this statement because it does not take into account the opportunity cost of the labor and intellectual expertise in product development.
d. He believes that China's current account surplus increases demand for goods produced in China at the cost of reducing demand elsewhere while complicating an economic recovery in the United States.
d
You might also like to view...
A republic is a government in which a system of representation operates.
Answer the following statement true (T) or false (F)
In Planned Parenthood v. Casey (1992), the Supreme Court struck down a state requirement that a married woman seeking an abortion must
a. wait 24-hours before undergoing the procedure. b. notify her husband of her intentions. c. undergo a psychiatric evaluation. d. obtain permission from her husband.
An example of the complexity of environmental regulation is the increased use of _______________ policies that allow companies to build facilities in one area that may pollute if they lower pollution in another area
a. environmental impact b. dynamic c. logrolling d. offset e. surcharge
which of the following is not one of the ways in which interest groups may enhance democracy
What will be an ideal response?