Imposing trade restrictions on imported tires

Assignment Help Business Economics

Reference no: EM131006476

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

A political pundit explains that it is necessary to impose trade restrictions, such as a tariff, on the tire industry to protect workers in the domestic tire industry. The pundit claims that without trade protection, there will be layoffs, causing many U.S. workers in the tire industry to be unemployed.

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

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

b. Infant-industry argument

c. Unfair-competition argument

d. Jobs argument

e. National-security argument

Reference no: EM131006476

Questions Cloud

Consumer sensitivity to changes in price : Just as consumer sensitivity to changes in price and in the determinants of demand (DOD) may be measured through demand elasticities, producer sensitivity to changes in price and in the determinants of supply (DOS) may be measured through supply elas..

How might that change attitudes toward the fracking process : In the U.S., landowners have the mineral rights to all minerals that might be found under their property (e.g, oil and natural gas). In most European countries, the government, not the property owner, has the rights to any minerals found in the groun..

Do you consider this form of technology to be beneficial : Do you consider this form of technology to be beneficial to patients? Is this something that you would consider as a patient or even recommend for a loved one

Decrease in the quantity demanded of good : Suppose that a 5 percent decrease in the price of good X causes a 2 percent decrease in the quantity demanded of good Y. The cross-price elasticity of demand is therefore:

Imposing trade restrictions on imported tires : Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported tires: A political pundit explains that it is necessary to impose trade restrictions, such as a tariff, on the tire industry to protect workers in t..

What is winstrol and how does it affect : What is winstrol and how does it affect you once you stop using it

In an intertemporal l decision-making context : In an intertemporal l decision-making context, the real interest rate is considered as the price of today’s consumption relative to future consumption. The empirical fact that the labor supply curve is upward sloping suggests that the substitution ef..

Discuss any recent advancements or improvements : Choose an alternative profession that you believe should be considered as mainstream. Discuss any recent advancements or improvements over the years that would qualify the profession

The payments include interest at the rate : Determine which accounts are incorrect as a result of these errors at January 1, 2011, before any adjustments. Explain your answer. (Ignore income taxes.)

User Account

All Pages