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Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported ball bearings: A senator from a state with several ball-bearing factories explains that it is necessary to impose trade restrictions, such as a tariff, on the ball-bearing industry to protect workers in the domestic ball-bearing industry. The senator claims that without trade protection, there will be layoffs, causing many U.S. workers in the ball-bearing industry to be unemployed. Which of the following justifications is the senator using to argue for the trade restriction on ball bearings?

Jobs argument

National-security argument

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

Infant-industry argument

Unfair-competition argument

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91721083

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