The Cheap Foreign Labor Argument for Protectionism Relates to ________

question 10

Multiple Choice

The cheap foreign labor argument for protectionism relates to ________.

• A) an undeveloped domestic industry's workers
• B) a lower wage often earned by many foreign workers
• C) a trading partner increasing trade barriers on work done by citizens
• D) an industry critical to national security being protected from foreign workers
• E) selling a product at a price below the price charged in the producing country

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Definitions:

Development

The systematic and progressive changes in physical, emotional, cognitive, and social aspects of individuals or societies over time.

Understanding

The ability to comprehend or grasp the nature, significance, or explanation of something.

Self-Esteem

Self-esteem refers to an individual's overall subjective sense of personal worth or value.

Scold

To reprimand or criticize someone harshly for a wrongdoing.