An essential point, among many, in the refutation of the "cheap foreign labor" argument is that
a. foreign workers have a lower standard of living.
b. foreign workers are less productive.
c. low foreign wages mean fewer exports for the United States.
d. the United States does not benefit from cheap foreign labor so the goods should be kept out.
b
You might also like to view...
When interest rates rise,
A) borrowing costs decline, and total planned real expenditures decline. B) borrowing costs increase and total planned real expenditures increase. C) borrowing costs decline, and total planned real expenditures increase. D) borrowing costs increase, and total planned real expenditures decline.
A weakening in consumer confidence causes a
A) shift of the aggregate demand curve to the right. B) movement down along the aggregate demand curve. C) shift of the aggregate demand curve to the left. D) movement up along the aggregate demand curve.