Question: 1. List six arguments for trade restriction. 2. Explain why the argument that U.S. products cannot compete with foreign products because U.S. producers pay their

1. List six arguments for trade restriction.
2. Explain why the argument that U.S. products cannot compete with foreign products because U.S. producers pay their workers higher wages than foreign producers pay their workers is flawed.
3. Explain why the argument that imports displace domestic output and create domestic unemployment is flawed.

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