6. Chinese workers earn only $.75 an hour; if we allow China to export as much as...

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6. “Chinese workers earn only $.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 $.75 wage that goes with it.” Discuss.

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International Finance Theory And Policy

ISBN: 9781292019550

10th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz

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Question Posted: Oct 02, 2024 07:03 AM

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6. Chinese workers earn only $.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 cant import a $10 shirt without importing the $.75...
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6. Chinese workers earn only $.75 an hour; if we allow China to export as much as...

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International Finance Theory And Policy

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