Developing Countries Are Usually Unwilling to Negotiate Over Labor Standards

question 16

Multiple Choice

Developing countries are usually unwilling to negotiate over labor standards because

• A)the WTO always tends to rule in favor of industrialized nations.
• B)they fear that industrialized nations are trying to undermine their comparative advantage-production of agriculture and textiles/apparel-and close the markets of high-income countries in these areas.
• C)they fear that they may be unable to compete without some protection of their industries.
• D)organized labor would not allow them to negotiate with other countries.

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Definitions:

Budget Constraint

The limit on the consumption bundles that a consumer can afford based on their income and the prices of goods and services.

Budget Constraint

A representation of all the combinations of goods and services a consumer can afford, given their income and the prices of goods.

Bell Pepper

A type of sweet pepper that comes in various colors including red, green, and yellow, often used in cooking for its mild flavor.

Black Beans

A type of legume that is dark in color and rich in protein, often used in various cuisines around the world for their nutritional benefits and versatile uses in cooking.