the cheap foreign ______ argument says that trade protection is required to ensure that cheap imports do not flood u.s. markets,

Question

vovangra [49]

2 years ago

5

the cheap foreign ______ argument says that trade protection is required to ensure that cheap imports do not flood u.s. markets,

dragging down prices of goods and u.s. wages.

Business

1 answer:

GalinKa [24] · Answer 1 · 2023-08-03T20:15:07+03:00

The cheap foreign Labour argument says that trade protection is required to ensure that cheap imports do not flood u.s. markets, dragging down prices of goods and u.s. wages. This is further explained below.

<h3>What is foreign Labour?</h3>

Generally, Those who work in a nation other than their own but have no intention of permanently relocating there are considered foreign workers since they do not have citizenship in the country where they are employed.

In conclusion, The idea that trade protection is needed because of cheap imports flooding the market and driving down prices and U.S. wages is known as the "cheap foreign labor" argument. More detail about this is provided below.