Question

Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect jobs from what they often characterize as “unfair” import competition. Is such competition “unfair”? Do you think that this argument is in the best interests of:

(a) the local companies,

(b) the workers

(c) the consumers

Answer 1

Ans:

The word unfiar is best Interest for the workers, because most of the labor unions oppose that if imports of goods from low wage courtries are supported than their jobs can not be protected. Because if local companies keep importing from low wage countries they might have financial advantage over inhouse production but their local jobs will not be protected. This will lead to increase in unemployment rate in the country. To protect the jobs countries like U.S follows these Unfair Import Competetion practice.

So the correct answer is option C.

The customers

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