This topic contains a solution. Click here to go to the answer

Author Question: Can protection save jobs and the environment and prevent workers in developing countries from being ... (Read 334 times)

anjilletteb

  • Hero Member
  • *****
  • Posts: 569
Can protection save jobs and the environment and prevent workers in developing countries from being exploited?
 
  What will be an ideal response?

Question 2

What would happen in the market for laser eye surgery if insurance companies started to cover a portion of the price of voluntary procedures?
 
  A) Demand and supply will both increase.
  B) Demand will increase, but this will not shift the supply curve.
  C) Supply will increase, but this will not shift the demand curve.
  D) Demand will increase and supply will decrease.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

T4T

  • Sr. Member
  • ****
  • Posts: 348
Answer to Question 1

There are many myths about trade restrictions. The problem mentions three of them, all false reasons often offered as reasons to restrict international trade. These arguments are:
 Trade restrictions save domestic jobs: This argument ignores the fact that, under free trade, consumers in the importing country will have greater disposable income and citizens in the exporting countries will have greater incomes. This means total demand for the goods and services that are exported by our domestic industry increases, increasing the number of jobs created in the domestic industries under free trade.
 Trade restrictions penalize lax environmental standards: Not all developing countries have lax environmental standards. Also, a clean environment is a normal good. Countries that are relatively poor and have lax pollution standards do not care as much about the environment because imposing clean air, water, and land standards have a high opportunity cost because they will slow economic development. The best way to encourage environmental quality is not to restrict economic development but to encourage rapid economic growth, which will more quickly increase citizen demand for a cleaner environment in those developing countries.
 Trade restrictions prevent rich countries from exploiting poorer countries: Importing goods made in countries with low wage levels increases the demand for labor in those countries, increasing the number of jobs available and raising wages over time. The more free trade that occurs with these countries, the more quickly the wages will rise and the working conditions will increase in quality and safety.

Answer to Question 2

B




anjilletteb

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
:D TYSM


abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

For a complete list of videos, visit our video library