Question

In a developed country like the US, which is skill-abundant relative to the rest of the...

In a developed country like the US, which is skill-abundant relative to the rest of the world and yet has a majority of the population that is low-skilled, we expect the majority to

A.

support free trade.
B.

not care about trade policy.
C.

support some amount of protection.
D.

None of the above.

China's record of poverty reduction through growth arising out of economic reforms

A.

is better than India's.
B.

is worse than India's.
C.

is roughly the same as India's.
D.

We don't know.
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Answer #1

Answer 1) C) Support some amount of protection

Explanation- As the majority of the population of the United States is the low-skilled and hence in order to protect own jobs the people of United states are expected to Support some amount of protection towards the free trade.

Answer 2) A) is better than India's.

Explanation - China's record of poverty reduction through growth arising out of economic reforms is better than India's. China has the most admirable rpoverty reduction record and ranks first in the globe and india ranks second in the poverty reduction record.

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