Why are economists sometimes skeptical about international labor standards?
a. They are difficult to enforce.
b. They create more competition for U.S. workers.
c. GATT does not allow labor standards.
d. They may be used as a rationale to protect domestic activities that can no longer compete with imports.
Ans: d. They may be used as a rationale to protect domestic activities that can no longer compete with imports.
You might also like to view...
In the above figure, to achieve the efficient amount of paper production, the government could impose a tax of
A) $2 per ton. B) $8 per ton. C) $26 per ton. D) zero, because the efficient amount is produced with no government intervention.
The branch of economics which studies the behavior of entire economies and policies that affect the economy as a whole is called
A) macroeconomics. B) normative economics. C) microeconomics. D) public economics.
The classical long-run aggregate supply curve is
A. vertical at a level of output below potential real GDP. B. upward sloping. C. upward sloping at the level of potential real GDP. D. vertical at a level of potential real GDP.
Recall the Application about incentives to immunize children in developing countries to answer the following question(s). According to this Application, the incentives described were ________ because they ________ the rate of immunizations.
A. effective; increased B. effective; decreased C. not effective; increased D. not effective; decreased