In the public debate over ratification of the NorthAmerican Free Trade Agreement, Ross Perot said he heard
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In the public debate over ratification of the NorthAmerican Free Trade Agreement, Ross Perot said he heard a“giant sucking sound” from U.S. jobs headed south because oflow wage rates in Mexico. Using the theory of comparative advantage, discuss whether Perot’s fears were valid.
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Ross Perots concerns about the potential loss of US jobs to Mexico due to low wage rates as expressed by the metaphor of a giant sucking sound can be ...View the full answer
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