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Econ 101 Question!!!?
6. Who would benefit the most if the WTO was abolished and rich countries did not have to eliminate their barriers to trade in textiles?
A. Textile workers in the United States
B. Consumers in the United States
C. Textile workers in Pakistan
4 Answers
- Anonymous5 years ago
Those questions are mostly opinion questions. It is dishonest to ask opinions and then grade them as one would a test. When an opinion poll asks about the effect of raising minimum wage on unemployment people answering will read it as: Do you think the current unemployment situation was caused by congress raising minimum wage? I think it's embarrassing to Zogby and the WSJ.
- Stephen YLv 61 decade ago
A,
Cunsumers in the U.S. would pay higher prices.
Textile workers in Pakistan would be cut off from markets
Textile workers in the U.S. would gain because they would have a protected market which would allow them to charge higher prices allowing higher wages and benefits.
