Restrict imports of goods that are produced badly paid labor

Assignment Help Business Economics

Reference no: EM131112803

The United States has taken action to restrict imports of certain Chinese goods, such as toys containing lead and seafood that doesn’t meet health standards, in order to protect U.S. consumers. Some people have said that this shows a double standard: If we’re willing to restrict goods on these grounds, why shouldn’t we restrict imports of goods that are produced with badly paid labor? Why is or isn’t this argument valid?

This argument is

A. valid because protecting against the exploitation of poorly paid labor is just as important as protective U.S. consumers.

B. not valid because there is a lack of information regarding safety standards that leads a government to simply ban unsafe products, as opposed to letting consumers choose which risks they would like to take

C. valid because of the domestic market failure argument

D. not valid because competition from workers in low-wage countries is providing goods in a sector that is resistively less expensive in the United States

Reference no: EM131112803

Questions Cloud

Assume that the insurance market is perfectly competitive : If insurance companies are required to offer coverage to all interested people, it is said that premiums for each person will be increased. Assume that the insurance market is perfectly competitive. What is the major reason for raising the premium?

What role does csr play within an organization : What role does CSR Play within an organization? Research your organization's CSR philosophies and literature? In your opinion, are the benefits to the organization tangible?

Detailing average variable cost-average fixed cost : Short run cost function tables include information detailing average variable cost, average fixed cost. Average total cost, and marginal cost. Which of the figures do you consider most important for an organization to evaluate when determining levels..

What are some drawbacks with on the job training : Provide an example of when a lecture based training would be the most beneficial. What delivery method do you feel is the best? How has technology changed training? What are the benefits technologies bring to a training department? What are the ch..

Restrict imports of goods that are produced badly paid labor : The United States has taken action to restrict imports of certain Chinese goods, such as toys containing lead and seafood that doesn’t meet health standards, in order to protect U.S. consumers. Some people have said that this shows a double standard:..

Project management life cycle theory : The general strengths attributable to the project management life cycle theory. Why the other project managers that you have chosen have done a commendable job from the perspective of the starting, planning, executing, and evaluating..

With the understanding of fixed and variable costs : With the understanding of fixed and variable costs and what those mean to a business in both the short run and the long run, address the following questions in your analysis: Why does it makes sense for an airline to offer discounted fares to student..

How might a social critic respond to the claim : How might a critic respond to the claim that taxes always make the allocation of resources less efficient?

What did the party believe about the role of the government : Your essay should address the following questions: What did the party believe about the role of the government and why did they adopt these views?

User Account

All Pages