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6. The arguments for restricting trade Suppose there is a policy debate over whether the United States should impose trade restrictions on imported tires: A congresswoman from a state with several tire factories argues that the government should impose a tariff on tires because they are a necessary input into the production of various weapons. Free trade would make the United States overly dependent on foreign countries for the supply of tires. In case of a war, the United States might not be able to make or purchase enough tires and, therefore, would not be able to make enough weapons to defend itself. Which of the following justifications is the congresswoman using to argue for the trade restriction on tires? O Jobs and income argument Infant-industry argument O Unfair-competition argument Using-protection-as-a-bargaining-chip argument O National-defense argument

6. The arguments for restricting trade Suppose there is a policy debate over whether the United States should impose trade restrictions on imported tires: A congresswoman from a state with several tire factories argues that the government should impose a tariff on tires because they are a necessary input into the production of various weapons. Free trade would make the United States overly dependent on foreign countries for the supply of tires. In case of a war, the United States might not be able to make or purchase enough tires and, therefore, would not be able to make enough weapons to defend itself. Which of the following justifications is the congresswoman using to argue for the trade restriction on tires? O Jobs and income argument Infant-industry argument O Unfair-competition argument Using-protection-as-a-bargaining-chip argument O National-defense argument

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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6. The arguments for restricting trade Suppose there is a policy debate over whether the United States should impose trade restrictions on imported tires: A congresswoman from a state with several tire factories argues that the government should impose a tariff on tires because they are a necessary input into the production of various weapons. Free trade would make the United States overly dependent on foreign countries for the supply of tires. In case of a war, the United States might not be able to make or purchase enough tires and, therefore, would not be able to make enough weapons to defend itself. Which of the following justifications is the congresswoman using to argue for the trade restriction on tires? O Jobs and income argument Infant-industry argument O Unfair-competition argument Using-protection-as-a-bargaining-chip argument O National-defense argument
Transcribed Image Text:6. The arguments for restricting trade Suppose there is a policy debate over whether the United States should impose trade restrictions on imported tires: A congresswoman from a state with several tire factories argues that the government should impose a tariff on tires because they are a necessary input into the production of various weapons. Free trade would make the United States overly dependent on foreign countries for the supply of tires. In case of a war, the United States might not be able to make or purchase enough tires and, therefore, would not be able to make enough weapons to defend itself. Which of the following justifications is the congresswoman using to argue for the trade restriction on tires? O Jobs and income argument Infant-industry argument O Unfair-competition argument Using-protection-as-a-bargaining-chip argument O National-defense argument
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