Asked by Jonathan Cisneros on Jul 03, 2024
Verified
Developing countries and free trade economists object to:
A) Linking labor and environment standards with trade policy
B) Lifting trade sanctions and trade barriers without a full economic analysis
C) Low labor and environmental standards
D) Low tariffs
Free Trade Economists
Economists who advocate for the reduction of barriers to international trade, such as tariffs and quotas, to promote economic efficiency and consumer choice worldwide.
Trade Policy
A government's strategy and regulations regarding international trade, including tariffs, trade agreements, and import/export controls.
Labor Standards
Regulations concerning the minimum socially acceptable conditions that workers should experience, which can include wages, working hours, and safety conditions.
- Assess the effects of implementing and eliminating trade restrictions on various industries and the broader economy.
- Critically review the contribution of major global bodies and their approaches in molding the dynamics of international economic partnerships.
Verified Answer
YJ
Yvonne Jennings7 days ago
Final Answer :
A
Explanation :
Linking labor and environment standards with trade policy is often objected to by developing countries and free trade economists because they argue it can serve as a form of protectionism, hindering their access to global markets and imposing standards that may be difficult or costly for them to meet.
Learning Objectives
- Assess the effects of implementing and eliminating trade restrictions on various industries and the broader economy.
- Critically review the contribution of major global bodies and their approaches in molding the dynamics of international economic partnerships.