Which group would be more harmed by a trade embargo

Reference no: EM131919489

Problem

1. Suppose a country has abundant capital but scarce labor. Which group would be more harmed by a trade embargo: owners of capital or laborers?

2. Which of the following policies is likely to cause more pollution displacement: imposing environmental standards on domestic production or a blanket environmental standard on all imports?

Reference no: EM131919489

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