A politician argues that the United States should temporarily ban the import of battery-powered electric scooters because this is an "infant industry. According to what we learned in class, which of the following counterarguments would we expect an economist to raise: This ban will destroy American jobs in the electric-powered-scooter industry This temporary ban might become permanent because the electric scooter manufacturers will never become globally competitive. This ban will hurt the wages of manufacturing workers in other countries This ban will increase the price that people in other countries pay for electric Scooters

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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A politician argues that the United States should temporarily ban the import of
battery-powered electric scooters because this is an "infant industry. According to
what we learned in class, which of the following counterarguments would we expect
an economist to raise:
This ban will destroy American jobs in the electric-powered-scooter industry
This temporary ban might become permanent because the electric scooter
manufacturers will never become globally competitive.
This ban will hurt the wages of manufacturing workers in other countries
This ban will increase the price that people in other countries pay for electric
Scooters
Transcribed Image Text:A politician argues that the United States should temporarily ban the import of battery-powered electric scooters because this is an "infant industry. According to what we learned in class, which of the following counterarguments would we expect an economist to raise: This ban will destroy American jobs in the electric-powered-scooter industry This temporary ban might become permanent because the electric scooter manufacturers will never become globally competitive. This ban will hurt the wages of manufacturing workers in other countries This ban will increase the price that people in other countries pay for electric Scooters
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