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Recently, 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?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91643157

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