Two Arguments Used to Promote Trade Barriers Are the Infant-Industry

question 204

Essay

Two arguments used to promote trade barriers are the infant-industry argument, and the dumping argument. Explain each of these arguments and evaluate whether each one has any flaws.

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Definitions:

Hepatitis B

A potentially life-threatening liver infection caused by the hepatitis B virus (HBV).

Human Papillomavirus (HPV)

A virus causing cervical and other cancers as well as genital warts; the most common sexually transmitted infection.

Herpes Simplex Virus (HSV)

The virus that causes genital herpes.

Gonorrhea

A sexually transmitted infection caused by the bacterium Neisseria gonorrhoeae, often resulting in genital, rectal, or throat infections.