Which of the Following Are Reasons Most Economists Consider Valid

question 28

Multiple Choice

Which of the following are reasons most economists consider valid for trade protection? I. Protection penalizes countries that have weak environmental standards.
II) Protection limits dumping of low-wage jobs into the domestic economy.
III) Protection prevents low-wage jobs in foreign countries from lowering wages in the United States.

• A) I and II
• B) II and III
• C) I, II, and III
• D) none of the above

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Definitions:

Inducements

Incentives or rewards offered to motivate specific actions or behaviors.

Fringe Benefits

Are additional non-wage or non-salary forms of remuneration.

Quality of Work Life

The degree to which individuals are healthy, satisfied, and productive in their work, which reflects on their overall well-being.

Quality of Life

A multi-dimensional concept that refers to an individual's overall well-being and satisfaction with life, encompassing personal, social, economic, and environmental aspects.