Which of the following statements explains why trading partners are often concerned about each other's labor standards?
A) From a humanitarian perspective, people do not want to buy products if workers are in oppressive conditions.
B) Unions realize that low labor standards will result in more costly products that cannot compete with those produced in countries with high labor standards.
C) Some nations do not want to establish their own labor standards, and prefer that standards be set by a foreign country.
D) Consumers are concerned that higher labor standards will lead to higher prices.
Correct Answer:
Verified
Q88: The negative effects of trade diversion are
Q89: (Figure: U.S. Imports from Mexico and Asia)
Q90: Trade diversion is one reason that some
Q91: A National Bureau of Economic Research survey
Q92: Because it is difficult to negotiate multilateral
Q94: Why do some economists say labor standards
Q95: Surveys of consumers regarding labor standards indicate
Q96: A study of consumers' attitudes toward labor
Q97: There is a side agreement to _
Q98: Surveys of consumers indicate that:
A) they do
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents