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Why is international trade sometimes a threat for workers?

a. Wages in exporting industries tend to fall due to trade.

b. Wages in import-competing industries tend to rise due to trade.

c. Workers in import-competing industries may suffer job loss as a result of trade.

d. Workers in exporting industries are subject to job loss as a result of trade.

 

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Mahe Alam
Mahe AlamLv10
19 Jan 2021

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Related questions

2. Which of the following is not used as an argument for trade restrictions?

a. Emerging domestic industries, especially those with economies of scale, could not gain entry in some world markets without protection during the early years

b. Trade restrictions are required to prevent some countries from exporting a commodity at a price below its cost of production.

c. Consumer surplus is maximized when import tariffs and quotas promote exports over imports.

Because international trade can cause the producer surplus of exporters to increase ___________ .

(Select 1)(2pts)

a. Factors of production tend to move away from less efficient contracting industries and into more efficient expanding industries, thus lowering production costs and the prices consumers have to pay.

b. Equilibrium prices must increase in importing nations.

c. Consumer surplus must necessarily decrease for all goods and services.

d. Producers need not remain efficient or competitive.

e. Workers tend to fight to keep low paying

1.In the Ricardian model, wages are equal across industries because:

A.employers care for their workers.

B.workers prefer to work in exporting industries.

C.workers are freely mobile between industries.

D.workers are freely mobile between countries.

2.Suppose that the U.S. price index for its imports rose from 100 to 120 from 2010 to 2011 and the price index for its exports remained unchanged. Which of the following statements is CORRECT?

A.The U.S. terms of trade worsened between 2010 and 2011.

B.The U.S. terms of trade improved between 2010 and 2011.

C.The U.S. terms of trade improved in 2010 and worsened in 2011.

D.There was no change in the U.S. terms of trade between 2010 and 2011.

3.Assume that marginal product of labor is constant. If the maximum number of units of cloth produced is 300 and the maximum number of units of corn produced is 600, then with a MPLcloth = 2, what is the MPLcorn?

A.4

B.5

C.6

D.7

4.Suppose after opening up for trade the Home country produces 60 units of chemicals and 20 units of clothing. But Home consumes 40 units of chemicals and 60 units of clothing. What is the international price of chemicals?

A.1/2 unit of clothing per unit of chemicals

B.one unit of clothing per unit of chemicals

C.two units of clothing per unit of chemicals

D.three units of clothing per unit of chemicals

5.It can be shown that differences in “before-trade” relative prices will determine:

A.which nation has the absolute advantage.

B.which good each nation will export or import.

C.the quantity traded by each nation.

D.which nation has higher wages.

6.Suppose after opening up for trade the Home country produces 60 units of chemicals and 20 units of clothing. But Home consumes 40 units of chemicals and 60 units of clothing. Which product does Home export?​

A.Clothing

B.Chemicals

C.It exports neither chemicals nor clothing.

D.It exports both chemicals and clothing.

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