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Problem regarding the workers in foreign sweatshops

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Reference no: EM131111037

Suppose that a union is able to successfully organize a boycott of products produced by workers in foreign sweatshops. Will this affect the own-wage elasticity of labor demand for union workers? If so, how? Which Hicks-Marshall law applies? Does the boycott affect the substitution effect or the scale effect? Explain.

Reference no: EM131111037

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