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:

Conscious Awareness

Pertains to being fully aware and mindful of one's immediate environment, thoughts, and feelings.

Law Of Effect

Law of effect states that behavior followed by pleasant consequences is likely to be repeated; behavior followed by unpleasant consequences is not.

Past Experiences

The collective events or occurrences in one's life that shape perceptions, attitudes, and behaviors.

Personality

Individual differences in characteristic patterns of thinking, feeling, and behaving.