How do higher wages for workers in the United States affect the appeal of foreign goods?

A foreign goods become more appealing.
B foreign goods become harder to get.
C foreign goods are not affected in anyway.
D foreign goods become less appealing.

When wages increase domestically, it can lead to higher production costs for goods manufactured in the United States. As a result, the prices of domestically produced goods may also increase. In comparison, foreign goods, which may be produced in countries with lower labor costs, could remain relatively cheaper. This price differential can make foreign goods less appealing to consumers compared to domestically produced goods, as they may opt for the cheaper alternatives.

Therefore, higher wages in the United States can reduce the appeal of foreign goods by making domestically produced goods more competitive in terms of pricing.

Explanation:

How do higher wages for workers in the United States affect the appeal of foreign goods? A foreign goods become more appealing. B foreign goods become harder to get. C foreign goods are not affected in anyway. D foreign goods become less appealing.

Answer :

Other Questions

How do higher wages for workers in the United States affect the appeal of foreign goods?

A foreign goods become more appealing.
B foreign goods become harder to get.
C foreign goods are not affected in anyway.
D foreign goods become less appealing.