Suppose there is a policy debate over whether the United States should impose trade restrictions on imported steel rods: The president of the United States explains that it is necessary to impose trade restrictions, such as a tariff, on the steel-rod industry to protect workers in the domestic steel-rod industry. The president claims that without trade protection, there will be layoffs, causing many U. S. workers in the steel-rod industry to be unemployed. Which of the following justifications is the president using to argue for the trade restriction on steel rods?

A) Infant-industry argument

B) National-security argument

C) Saving-domestic-jobs argument

D) Unfair-competition argument

E) Using-protection-as-a-bargaining-chip argument

Question

Business

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5 April, 05:59

Suppose there is a policy debate over whether the United States should impose trade restrictions on imported steel rods: The president of the United States explains that it is necessary to impose trade restrictions, such as a tariff, on the steel-rod industry to protect workers in the domestic steel-rod industry. The president claims that without trade protection, there will be layoffs, causing many U. S. workers in the steel-rod industry to be unemployed. Which of the following justifications is the president using to argue for the trade restriction on steel rods?

A) Infant-industry argument

B) National-security argument

C) Saving-domestic-jobs argument

D) Unfair-competition argument

E) Using-protection-as-a-bargaining-chip argument

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Answers (1)

Know the Answer?

Linda Cordova · Answer 1

C) Saving-domestic-jobs argument

Explanation:

Saving domestic job argument is the argument that protectionism provides jobs for domestic workers. And that unfair trade creates domestic unemployment.