Chinese workers earn only 7.5 per 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 2 shirt without import the 7.5 wage that goes with it." Discuss.

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter16: Gaining From International Trade
Section: Chapter Questions
Problem 15CQ
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Chinese workers earn only 7.5 per 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
12 shirt without import the 7.5 wage that goes with it."
Discuss.
Transcribed Image Text:Chinese workers earn only 7.5 per 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 12 shirt without import the 7.5 wage that goes with it." Discuss.
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