Why does the government create trade barriers if they can potentially hurt a worker in an economy (due to lower wages)? a. What can be done to avoid trade barriers?b. As a consumer, what are your experiences with trade barriers?c. What alternatives do you recommend to replace trade barriers? Why do you think labor standards and working conditions are lower in developing nations of the world rather than in other countries? Should a country impose higher safety standards on imported goods that exist in the foreign country where the goods were produced? Explain.

Trade Barriers are defined as government policies that place restrictions on the international trade…

Answered: Why does the government create trade…

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter28: International Trade

Section: Chapter Questions

Problem 15P

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Why does the government create trade barriers if they can potentially hurt a worker in an economy (due to lower wages)?
a. What can be done to avoid trade barriers?
b. As a consumer, what are your experiences with trade barriers?
c. What alternatives do you recommend to replace trade barriers?
Why do you think labor standards and working conditions are lower in developing nations of the world rather than in other countries?
Should a country impose higher safety standards on imported goods that exist in the foreign country where the goods were produced? Explain.

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