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 30 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
Excellent

skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

The skull of Sahelanthropus tchadensis is argued to be the earliest of the hominins and one of only The skull of Sahelanthropus tchadensis is argued to be the earliest of the hominins and one of only
Ethnic Variations in Prenatal Care within the United States Ethnic Variations in Prenatal Care within the United States
Membership in this subculture is not easily awarded. Not only must high-steel ironworkers prove that ... Membership in this subculture is not easily awarded. Not only must high-steel ironworkers prove that ...
In the past year, about one in five adults in the United States reported symptoms of anxiety ... In the past year, about one in five adults in the United States reported symptoms of anxiety ...
How Urban Is Your State? The Rural-Urban Makeup of the United States How Urban Is Your State? The Rural-Urban Makeup of the United States
Prevalence rates of obesity in the United States, 2014 Prevalence rates of obesity in the United States, 2014
Video: Wound Cultures

For a complete list of videos, visit our video library