Free traders maintain that an open economy is advantageous in that it provides all of the following except: a. A wider selection of products for consumers b. Increased competition for world producers c. The utilization of the most efficient production methods d. Relatively high wage levels for all domestic workers

ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter21: Economic Development
Section: Chapter Questions
Problem 4.6P
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8. Multiple Choice # 5 (Ch. 1)
Free traders maintain that an open economy is advantageous in that it provides all of the following except:
a. A wider selection of products for consumers
b. Increased competition for world producers
c. The utilization of the most efficient production methods
d. Relatively high wage levels for all domestic workers
Transcribed Image Text:8. Multiple Choice # 5 (Ch. 1) Free traders maintain that an open economy is advantageous in that it provides all of the following except: a. A wider selection of products for consumers b. Increased competition for world producers c. The utilization of the most efficient production methods d. Relatively high wage levels for all domestic workers
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