For each of the following statements, indicate which argument for restricting tr

Question

For each of the following statements, indicate which argument for restricting trade is being utilized The National- Security The Infant- The Unfair- The Protection- The Jobs Argument Argument Industry Competition as-a-Bargaining- Statements (A) We should restrict the importation of computers until our own computer industry mature and become able to compete with foreign firms (B) We should limit the importation of French wine unless France lifts its quota on our agricultural imports (C) We should place a tariff on Chinese-made tires to help prevent domestic tire employees from being laid off. (D) We should subsidize our computer industry because China subsidizes its computer industry Argument Argument Chip Argument

Explanation / Answer

Answer.)

1.) The Infant-Industry Argument

2.) The Protection-as-a-Bargaining-Chip Argument

3.) The Jobs Argument

4.) The Unfair-competition Argument

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