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:

Initiative Versus Guilt

A stage of Erik Erikson's theory of psychosocial development where children are challenged to assert control and power over the environment to develop a sense of purpose.

Erik Erikson

A developmental psychologist known for his theory on the psychosocial development of humans, describing how personality develops across eight stages throughout the lifespan.

Adult Rules

The set of expectations, principles, or guidelines considered appropriate or typical for individuals recognized as adults in a society.

Independent

Refers to the state of being free from outside control or support, capable of thinking or acting for oneself.