Increase in the foreign competition will lead to: a) It places limitations on the wages of domestic workers b) There will be an increased inflationary pressure at domestic country c) There will be an increase in profits of domestic import competing industries d) Induce falling output per worker-hour for domestic workers

Increase in the foreign competition will lead to: a) It places limitations on the wages of domestic workers b) There will be an increased inflationary pressure at domestic country c) There will be an increase in profits of domestic import competing industries d) Induce falling output per worker-hour for domestic workers

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter18: International Trade And Finance

Section: Chapter Questions

Problem 7SQ

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