Answer:
lower real wage rates
Explanation:
The answer is --
"lower real wage rates".
At least two or more countries involved in free trade agreement where the quality of the trade relation between the countries are improved. There is mutual cooperation between the two countries to lower the trade barriers reduce the tariffs and trade quotas, etc.
Free trade means more growth and rise in economy but it affects the wage rates. There are more skilled labors in the rich country compared to a poor country. Therefore the free trade will increase the wages of the skilled labor whereas it will decrease the wages of the unskilled labor. This theory is given by Stolper-Samuelson.
Therefore in the context, the rich country A importing goods at lower price will not offset the claim of lower the wages rates in the country.
Hence the answer is --
"lower real wage rates".
Answer:
Europeans were barred from trading with Asian countries until they agreed to pay Middle Eastern “toll” fees for using their land passages.
Explanation:
Answer:
During the Constitutional Convention, delegates disagreed over whether enslaved people should be freed from plantations in the South and whether enslaved people should be counted for purposes of state representation.
Explanation:
Jamestown was established in 1607, 13 years earlier than Plymouth. The Pilgrims landed at Plymouth to establish a colony in “North- ern Virginia” in December 1620. By this time, tobacco was Virginia's cash crop, the first Africans had arrived and representative government had been established in Virginia.
