Some proponents of trade sanctions argue for changes in policy because they fear low standards will be used to capture markets and foreign investment
While theoretically possible, there is little or no support for the view that countries use low labor standards this way, because A) countries with low labor standards generally have trouble attracting foreign investment.
B) low standards can reduce costs, but they cannot change a country's comparative advantage.
C) it is impossible to lower labor standards.
D) Both A and B are correct.
E) A, B, and C are all correct.
D
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a. True b. False Indicate whether the statement is true or false
Concerts in arenas are not excludable because it is virtually impossible to prevent someone from seeing the show
a. True b. False Indicate whether the statement is true or false
The key driver behind the crowding out phenomenon is
A. a decrease in real GDP. B. a decrease in the interest rate. C. an increase in real GDP. D. an increase in the interest rate.
What is the Council of Economic Advisers?
What will be an ideal response?