a valid counterargument to the cal Sfor higher tanifls to save U.S. jpbs? to pro
ID: 1118727 • Letter: A
Question
a valid counterargument to the cal Sfor higher tanifls to save U.S. jpbs? to protect U.S.workers from the dumping of foreige products competitive condy calls for equal treatment of all trading nations so thst they will have the wages for workers are low. effect on employment B, Strategic of natices where and workers must be protectied from the ruinous competition D. Impoets may ee U.5, jobs, bat they create oehers, so they may have litle or no 38. In the United States, exports of goods and services account for about what percentage of GDP (total outpuat)? A. 6 pereent B. 13 percent C. 18 percent D. 24 percent 39. If there is no comparative advantage between two countries A. one country must be more prodactive in producing all goods than the ot B. the bonefits resulting from trade are increased C. there are no gains from specialization and trade D. each country should specialize in the prodaction of a particular commodity 40. Import quotas; A. have the same effect on producers as export subsidies B. can be considered to be a form of voluntary expoet restraints C. require agreement berween importing and exporting sations D. set the number of units of a product that can be imported.Explanation / Answer
As per Chegg guidelines, I can answer only question 37.
The statement of the question talks about imposing higher tariffs on the import of foreign goods to save US jobs. The argument believes that due to dumping of goods (goods being sold by a country at a cheaper price than their own domestic country in the world market) by foreign countries in US market, US citizens have shifted their preferences from the goods produced domestically in US to cheap imported goods. This has led to a fall in production in US and thus, a decline in jobs. So, in order to save their jobs, US wishes to reduce the level of imports by imposing high tariffs.
A counterargument is one that opposes the given argument. The correct option is (D). It says that import may decrease jobs by a reduction in production, but simultaneously it creates other jobs in other sectors so that the impact on employment is null.
Option A is wrong as the need to protect US workers from dumping of foreign productive does not oppose the given statement.
Option B is a counterargument but it has no link with saving jobs in US. It can be a valid counterargument for just the imposing of high tariffs.
Option C is wrong as it does not oppose the given statement.
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