Some Proponents of Trade Sanctions Argue for Changes in Policy

question 18

Multiple Choice

Some proponents of trade sanctions argue for changes in policy because they fear low standards will be used to capture markets and foreign investment.While theoretically possible,there is little or no support for the view that countries use low labor standards this way,because

• A)countries with low labor standards generally have trouble attracting foreign investment.
• B)low standards can reduce costs,but they cannot change a country's comparative advantage.
• C)it is impossible to lower labor standards.
• D)Both A and B are correct.
• E)A,B,and C are all correct.

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Definitions:

Real Estate Market

The market where properties are bought, sold, rented, and leased, involving both commercial and residential spaces.

Standard Deviation

Measures the amount of variation or dispersion from the average in a set of data points.

Test Statistic

A value calculated from sample data and used in a hypothesis test to decide whether to reject the null hypothesis.

Random Sample

A random sample from an infinite population is a sample selected such that the following conditions are satisfied: (1) Each element selected comes from the same population; (2) each element is selected independently.