ng country service sector workers who would be glad to come to vely higher wages. This effectively means that highly paid professionals get to enjoy the benefits of cheaper imported goods, w ed salaries. This has exacerbated inequality in the U.S. due to the fact that manufacturing workers who have effectively had the mave to pay for expensive professional services that have not commensurately come down. This is not only economically ineffic to the fact that lawyers are the ones who actually author free trade agreements and corporate and special interest groups repr I service sector are usually at the negotiating table when they are being authored. s have some of the highest salaries in therworld as evidenced by the graph below that compares general practitioner pay amon untries: data is old due the fact that the American Medical Association (AMA) no longer collects earnings data for general practitione muneration of GPs in USD PPP, selected OECD countries, 2004 (or closest year available) United States (2003r 146 United Kingdom (2004)* 121 Netherlands (2004y 120 Germany (2004) kceland (2005) Austria 2003y* 112 109 108 Luxembourg (2003r 108 aitzedand 2003* 108
ng country service sector workers who would be glad to come to vely higher wages. This effectively means that highly paid professionals get to enjoy the benefits of cheaper imported goods, w ed salaries. This has exacerbated inequality in the U.S. due to the fact that manufacturing workers who have effectively had the mave to pay for expensive professional services that have not commensurately come down. This is not only economically ineffic to the fact that lawyers are the ones who actually author free trade agreements and corporate and special interest groups repr I service sector are usually at the negotiating table when they are being authored. s have some of the highest salaries in therworld as evidenced by the graph below that compares general practitioner pay amon untries: data is old due the fact that the American Medical Association (AMA) no longer collects earnings data for general practitione muneration of GPs in USD PPP, selected OECD countries, 2004 (or closest year available) United States (2003r 146 United Kingdom (2004)* 121 Netherlands (2004y 120 Germany (2004) kceland (2005) Austria 2003y* 112 109 108 Luxembourg (2003r 108 aitzedand 2003* 108
Chapter18: International Trade And Comparative Advantage
Section: Chapter Questions
Problem 6DQ
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