Labor Standards in Trade Are Typically Opposed by Most Developing

question 22

Multiple Choice

Labor standards in trade are typically opposed by most developing countries who believe that they will be used

• A)as a protectionist tool by import- competing producers in industrial countries.
• B)to further neo- imperialist colonial exploitation.
• C)to charge these countries with crimes against child- labor standards at the Hague.
• D)as a means of spreading U.S.Corporate Values and destroying local cultures.
• E)to hinder investment in foreign- based multinational corporations.

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Definitions:

Real Exchange Rate

A measure of the value of one currency in terms of another, adjusted for differences in price levels between countries.

Argentinean Pesos

The official currency of Argentina, abbreviated as ARS, used for all types of financial transactions within the country.

Gallon of Milk

A unit of measurement for liquid volume, specifically used to measure the quantity of milk.

Nominal Exchange Rate

The value of one currency in terms of another currency without adjustment for inflation or purchasing power parity.