Multiple Choice
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
Correct Answer:
Verified
Q97: Suppose country X currently does not produce
Q98: Because of the relationship among ethanol production,
Q99: Why is NAFTA a free-trade area requiring
Q100: (Figure: U.S. Imports from Mexico and Asia)
Q101: Why do some economists prefer multilateral trade
Q103: Why do some economists say labor standards
Q104: Of the following, which is NOT a
Q105: Do the provisions of the GATT and
Q106: The phenomenon known as the tragedy of
Q107: Which of the following was NOT a