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
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text: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
Using-protection-as-a-bargaining-chip argument
National-security argument
Infant-industry argument
Jobs argument
O O O O
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