If specialization and outsourcing can harm domestic workers, why do countries still engage in trade? a) Domestic workers can move to a country with a greater need for their skills. b) Welfare programs can support unemployed workers. The gains from trade far outweigh the costs to workers, and the economy benefits overall. d) Shipping companies have a powerful lobby in Congress. O e) Most workers have little influence on politicians and are ignored.
If specialization and outsourcing can harm domestic workers, why do countries still engage in trade? a) Domestic workers can move to a country with a greater need for their skills. b) Welfare programs can support unemployed workers. The gains from trade far outweigh the costs to workers, and the economy benefits overall. d) Shipping companies have a powerful lobby in Congress. O e) Most workers have little influence on politicians and are ignored.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter33: International Trade
Section: Chapter Questions
Problem 20CTQ: You just overheard your friend say the following: Poor countries like Malawi have no absolute...
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