Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

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

A senator from a state with several semiconductor factories argues that the government should impose a tariff on semiconductors 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 semiconductors. In case of a war, the United States might not be able to make or purchase enough semiconductors and, therefore, would not be able to make enough weapons to defend itself.

Which of the following justifications is the senator using to argue for the trade restriction on semiconductors?

1. Infant-industry argument

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

3. Jobs argument

4. Unfair-competition argument

5. National-security argument

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91723427

Have any Question?


Related Questions in Business Economics

How the manager use the information supposed the

How the Manager use the information "supposed the macroeconomic forecast predict that the economy will be expanding in the near future" in an organization?

What is the role of local government leadership in assuring

What is the role of local government leadership in assuring that departments and divisions work together to achieve municipal goals and objectives?

Assume that a salesman learned the price elasticity of

Assume that a salesman learned the price elasticity of demand for his products is -2.0. How many percent will increase in the total sales (revenue) if he cuts the price by 10%? Show your calculation process

Suppose a sampling space has things a b and c twice draw

Suppose a sampling space has things a, b, and c. Twice draw from the sample space and replace. The possible sequence formed are {aa,ab,ac,ba,bb,bc,cacb,cc}. Now suppose there are Y different things. There are Y ways the ...

A local article reported that at least 50 of the

A local article reported that at least 50% of the construction jobs in the metropolitan Dallas area are being filled by undocumented foreign workers. Kim Brown believes the actual percentage is much lower than that, and ...

Suppose the market for candles is perfectly competitive and

Suppose the market for candles is perfectly competitive and is currently in equilibrium what will happen if candles are later linked to more houses catching on fire.

Iq test scores of students are normally distributed with

IQ test scores of students are normally distributed with mean μ=100 and standard deviation σ=10. What is the 33th percentile of the IQ scores? For a randomly chosen student, what is the probability that his or her IQ sco ...

Under the trade model with external economies of scale is

Under the trade model with external economies of scale, is it possible for a country to be worse off with trade than it would have been without trade? Justify your answer.

The hulk has a 1000 monthly budget for wellness which he

The Hulk has a $1000 monthly budget for wellness, which he spends on gym visits and vitamin supplements. His preferences over gym visits and vitamin supplements are rational, monotonic and convex. When each visit to the ...

Aprobability experiment consists of rolling a 6-sided die

A probability experiment consists of rolling a 6-sided die. What is the probability of rolling a number less than 6.

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As