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Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported tires:

A political pundit argues that the government should impose a tariff on tires because they are a necessary input into the production of various weapons. Free trade would make the United States overly dependent on foreign countries for the supply of tires. In case of a war, the United States might not be able to make or purchase enough tires and, therefore, would not be able to make enough weapons to defend itself.

Which of the following justifications is the pundit using to argue for the trade restriction on tires?

National-security argument

Jobs argument

Infant-industry argument

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

Unfair-competition argument

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91721792

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