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Unformatted text preview: ______________________. 5. What is a major downside of using increased trade protection to preserve the wages of unskilled workers? 6. Jagdish Bhagwati argues that trade is not responsible for lowering the wages of unskilled workers due to what missing link? Adrian Wood argues that import competition could lower wages of unskilled workers by encouraging the introduction of __________________________. 7. What observation about gross domestic products (GDP) suggests that opening up trade with poor countries is likely to have little effect on wages in rich countries? 8. What other forces could increase wage inequality?...
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This note was uploaded on 02/13/2012 for the course ECON 452 taught by Professor Vacaflores during the Fall '06 term at Texas A&M.
- Fall '06