Which of the Following Statements Regarding the Cheap Foreign Labor

question 27

Multiple Choice

Which of the following statements regarding the cheap foreign labor argument is correct?

• A)If there is an abrupt change in foreign competition that severely penalizes American workers, the U.S.government should immediately adopt protectionist measures.
• B)In the long run, labor will be cheap (wages are low) in those nations where labor is most productive.
• C)If workers in other countries are willing to supply their products with little compensation, this must ultimately raise the standard of living of the average American worker.
• D)American workers can never suffer from foreign competition since our monetary and fiscal policies always produce high employment at home.

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Definitions:

Temperament

The innate or genetically influenced aspect of an individual's personality, such as mood or emotional reactivity.

Ego

In psychoanalytic theory, it represents the part of the personality that mediates between the demands of the id, the superego, and reality.

Humanist

A person or scholar who focuses on the study of the humanities, emphasizing the value and agency of human beings.

Behaviorist

A psychologist or researcher who studies behavior through the lens of behaviorism, a theory of learning based on the idea that all behaviors are acquired through conditioning.