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 congresswoman from a state with several ball-bearing factories argues that the government should impose a tariff on ball bearings because they are a necessary input into the production of various weapons. Free trade, she contends, would make the United States overly dependent on foreign countries for the supply of ball bearings and thus, in case of war, unable to make enough weapons to defend itself. Which of the following justifications is the congresswoman using to argue for the trade restriction on ball bearings? Unfair-competition argument O Using-protection-as-a-bargaining-chip argument O National-security argument Infant-industry argument O Jobs argument
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 congresswoman from a state with several ball-bearing factories argues that the government should impose a tariff on ball bearings because they are a necessary input into the production of various weapons. Free trade, she contends, would make the United States overly dependent on foreign countries for the supply of ball bearings and thus, in case of war, unable to make enough weapons to defend itself. Which of the following justifications is the congresswoman using to argue for the trade restriction on ball bearings? Unfair-competition argument O Using-protection-as-a-bargaining-chip argument O National-security argument Infant-industry argument O Jobs argument
Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter3: Exploring Global Business
Section: Chapter Questions
Problem 4CC
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