4a "Chinese workers earn only $0.75 an hour; if we allow China to export as much as it likes, our workers will be forced down to the same level. You can't import a $10 shirt without importing the $0.75 wage that goes with it." Discuss.

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter34: Globalization And Protectionism
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Problem 39CTQ: From the Work It Out Effects of Trade Barriers, you can see that a tariff raises the price of...
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4a

"Chinese workers earn only $0.75 an hour; if we allow China to export as much as it likes, our workers will be forced down to the same level. You can't import a $10 shirt without importing the $0.75 wage that goes with it." Discuss.

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