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...
The range in which a duopoly's output falls is less than or equal to the output level in ________ and more than or equal to the output level in ________
A) monopolistic competition; monopoly B) monopolistic competition; perfect competition C) perfect competition; monopoly D) monopoly; monopolistic competition E) monopoly; perfect competition
Which of the following is a correct statement regarding the balance sheet of the Federal Reserve?
A) Fed assets = Fed liabilities + Federal Reserve notes B) Fed assets = Fed liabilities + Fed capital accounts C) Fed assets = Fed liabilities + bank reserves D) Fed assets = bank reserves + Federal Reserve notes outstanding