Question: 6. The arguments for restricting trade Suppose there is a policy debate regarding the United States imposing trade restrictions on imported ball bearings. Read the

6. The arguments for restricting trade Suppose there is a policy debate regarding the United States imposing trade restrictions on imported ball bearings. Read the following scenario and answer the question that follows. A senator from a state with several ball-bearing factories explains that it is necessary to impose trade restrictions, such as a tariff, on the ball-bearing industry to protect workers in the domestic ball-bearing industry. The senator claims that without trade protection, there will be layoffs, causing many U.S. workers in the ball-bearing industry to become unemployed. Which of the following justifications is the senator using to argue for the trade restriction on ball bearings? O Jobs argument O National-security argument O Using-protection-as-a-bargaining-chip argument O Infant-industry argument O Unfair-competition argument Grade It Now Save & Continue Continue without saving
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
