=+18. Producers in import-competing industries often make the following argument: Other countries have an advantage in production

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=+18. Producers in import-competing industries often make the following argument: “Other countries have an advantage in production of certain goods purely because workers abroad are paid lower wages. In fact, American workers are much more productive than foreign workers. So import-competing industries need to be protected.” Is this a valid argument? Explain your answer.


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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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