Smith Argues That American Producers Cannot Compete with Foreign Producers

question 120

Multiple Choice

Smith argues that American producers cannot compete with foreign producers because wages are lower in foreign countries than in the United States.Smith is

• A) advancing the foreign export subsidies argument for protectionism.
• B) making the mistake of believing that high wages mean high costs.
• C) advancing the antidumping argument for protectionism.
• D) making the mistake of believing that productivity is higher in foreign countries than in the United States.
• E) none of the above

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Definitions:

Mandamus

A judicial remedy in the form of a court order, compelling a governmental entity or officer to perform a duty legally owed to the petitioner.

Decision Maker

An individual or group responsible for making choices or judgments, often within a professional, personal, or policy context.

Prerogative Writs

Special orders issued by a higher court to lower courts or governmental entities, directing the performance of specific acts.

Duty

A legal or moral obligation to act or refrain from acting in a certain manner.