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Fair-trade advocates argue that we should pay higher prices for imports to ensure a reasonable standard of living for the workers involved. What could be
Fair-trade" advocates argue that we should pay higher prices for imports to ensure a reasonable standard of living for the workers involved. What could be a downside of the higher prices paid for the imports? It would reduce the quantity demanded and might destroy the jobs of the very people it aims to help. "Fair-trade" prices would lead to global inflation. "Fair-trade" prices would lead to higher income and earnings for poor countries. Imports would become expensive and the United States will start producing those goods
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