An Argument Against the Use of Tariffs to Keep Out

question 52

Multiple Choice

An argument against the use of tariffs to keep out the production of "cheap" foreign labor is that:

• A) wage rates and labor productivity are directly related.
• B) product prices and labor costs are unrelated.
• C) there is no significant relationship between labor productivity and wage levels.
• D) they don't work.

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Definitions:

Reference Checking

The process of contacting previous employers, colleagues, teachers, or other individuals to verify the background, capabilities, and qualifications of a job applicant.