Labor Standards in Trade Are Typically Opposed by Most Developing

question 36

Multiple Choice

Labor standards in trade are typically opposed by most developing countries who believe that they will be used

• A) to further neo-imperialist colonial exploitation.
• B) to charge these countries with crimes against child-labor standards at the Hague.
• C) as a protectionist tool by import-competing producers in industrial countries.
• D) as a means of spreading U.S. Corporate Values and destroying local cultures.
• E) to hinder investment in foreign-based multinational corporations.

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Definitions:

Empirical Economics

The collection and use of data to test economic theories.

Regression Analysis

A statistical technique used to estimate the relationships among variables, often used for prediction and forecasting.

P-value

A statistical metric that helps determine the significance of results, indicating the probability of observing the given data if the null hypothesis is true.

Statistically Significant

A determination that a relationship between two or more variables is caused by something other than chance.