The debate focuses on the job outsourcing in the steel-rod industry. A congresswoman from a state with several steel-rod factories explains that it is necessary to impose restrictions against job outsourcing to protect workers in the domestic steel-rod industry. The congresswoman claims that, without protection against job outsourcing, U.S. companies in the steel-rod industry have incentives to outsource their jobs to developing countries where the labor is cheaper. This would leave many U.S. workers in the steel-rod industry unemployed. Which of the following justifications is the congresswoman using to argue for the trade restriction on steel rods? Infant industry argument Antidumping argument Foreign export subsidies argument Low foreign wages argument National defense argument

The debate focuses on the job outsourcing in the steel-rod industry. A congresswoman from a state with several steel-rod factories explains that it is necessary to impose restrictions against job outsourcing to protect workers in the domestic steel-rod industry. The congresswoman claims that, without protection against job outsourcing, U.S. companies in the steel-rod industry have incentives to outsource their jobs to developing countries where the labor is cheaper. This would leave many U.S. workers in the steel-rod industry unemployed. Which of the following justifications is the congresswoman using to argue for the trade restriction on steel rods? Infant industry argument Antidumping argument Foreign export subsidies argument Low foreign wages argument National defense argument

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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