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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

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91870384

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