This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The owners of steel companies in the United States have argued that they need to be protected from ... (Read 50 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
on: May 25, 2020
The owners of steel companies in the United States have argued that they need to be protected from foreign competition because the wages paid to workers in foreign countries are significantly lower than the wages paid to US steel workers. What is the best economic response to this argument?
◦ It is essential to protect the steel industry so that there are no additional job losses in this industry.
◦ Wages reflect productivity and if US steel workers are more productive than workers in foreign countries then the US steel industry should still be able to compete internationally.
◦ Even though US workers earn more than workers in foreign countries, the United States would still have an absolute advantage in the production of steel and should therefore be able to compete internationally.
◦ The steel industry should be protected from foreign competition because low foreign wages are an unfair barrier to trade.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by newyorker26 on May 25, 2020

ebe

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


newyorker26

  • Member
  • Posts: 536
Reply 2 on: May 25, 2020
Gracias!

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Cracked Steel Cracked Steel
Obesity Rates in United States Obesity Rates in United States
Execution in the United States Execution in the United States
One of the cultural privileges of being white in the United States is less suspicion of wrongdoing. One of the cultural privileges of being white in the United States is less suspicion of wrongdoing.
The three states of matter: solid, liquid, and gas. The three states of matter: solid, liquid, and gas.
The Spinal Cord Is Protected by the Bony Structures of the Vertebrae. This Drawing of a Cervical Ver The Spinal Cord Is Protected by the Bony Structures of the Vertebrae. This Drawing of a Cervical Ver
Video: Atrophy

For a complete list of videos, visit our video library