Multiple Choice
Which of the following is a valid counterargument against using tariffs to protect high wages from cheap foreign labor?
A) The benefits of such a tariff policy will go to consumers, not workers.
B) The benefits of such a tariff policy will go to businesses, not workers.
C) Wage rates in a nation are largely determined by productivity, not trade tariffs.
D) The economy may become overheated, thus increasing inflation.
Correct Answer:

Verified
Correct Answer:
Verified
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