Which of the following are TRUE regarding the argument that trade barriers protect U.S. workers from cheap foreign labor? I. Low-wage foreigners are just as productive as U.S. workers. II. U.S. workers have a comparative advantage in low-wage jobs.
A) I only
B) II only
C) I and II
D) Neither I nor II is correct.
Question 2
When a market is in equilibrium, the total amount of consumer surplus must be ________ the total amount of producer surplus.
A) larger than
B) equal to
C) less than
D) None of the above answers are correct.
Increasing Separation of Masters and Workers
Workers at a Nike factory in Indonesia insert soles into sneakers for fourteen cents an hour.
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Prove the argument using two column proof numbers 2 and 5 only.
Prove the argument using two column proof number 5 only