Your Roommate Hansen Argues That American Producers Cannot Compete with Foreign

question 64

Multiple Choice

Your roommate Hansen argues that American producers cannot compete with foreign producers because wages are lower in foreign countries than in the United States.Hansen

• A)is incorrect.Free trade raises living standards by increasing economic efficiency.
• B)is right in asserting the need to protect high wages if the United States wishes to maintain its high standard of living.
• C)is correct in arguing that the high wages of U.S.workers make it impossible to compete with workers in low-wage countries.
• D)is advancing the anti-dumping argument for protectionism.

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Definitions:

Target Markets

Specific groups of potential customers identified by companies as most likely to purchase their products or services.

Distinctive Point

A unique or distinguishing feature that sets something apart from similar entities.

Prototype

An initial model or sample of a product built to test a concept or process or to act as a thing to be replicated or learned from.

Writing Style

Writing style is the distinctive manner in which an author expresses ideas through the choice of words, sentence structure, and overall composition, tailored to the intended audience.