Question :
15) What dumping?
16) Because wage rates so low in Africa, : 1932772
15) What is dumping?
16) Because wage rates are so low in Africa, why don't Microsoft, Cisco and other major corporations close down their American operations and move to Africa?
17) Some people assert that protection from foreign competition prevents rich countries from exploiting developing countries. What is this argument in more detail and what is its flaw?
18) Explain how governments restrict international trade and who benefits as well as who loses from the restrictions.
19) What is "rent seeking?" How does it apply to restricting imports?
Solution
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