Suppose There Is a Policy Debate Over Imposing Trade Restrictions

question 82

Multiple Choice

Suppose there is a policy debate over imposing trade restrictions on imported semiconductors in the United States.A congresswoman argues that it is necessary to impose trade restrictions,such as a tariff,on the semiconductor industry to protect workers in the domestic semiconductor industry.The congresswoman claims that without trade protection,there will be layoffs,causing many U.S.workers in the semiconductor industry to be unemployed.She is basing her preference for trade restrictions on the:

• A)infant industry argument.
• B)declining industries argument.
• C)national defense argument.
• D)jobs and income argument.
• E)antidumping argument.

---

Definitions:

Economic Inequality

The unequal distribution of wealth, income, and access to resources within a society, leading to a division between different socioeconomic groups.

Quasi-contractual

A legal concept where a court enforces a contract-like obligation on a party to prevent unjust enrichment, even though no actual contract exists.

Contractual Obligation

A duty or commitment that is legally binding under a contract, requiring parties to fulfill agreed terms.

Unaddressed Envelope

An envelope lacking a specific destination address, often used for general mail distribution or marketing purposes.