Which of the Following Is a Valid Counterargument to a Call

question 319

Multiple Choice

Which of the following is a valid counterargument to a call for higher tariffs "to save U.S. jobs"?

• A)The government needs to protect U.S. workers from the dumping of foreign products.
• B)Strategic trade policy calls for equal treatment of all trading nations so that they will have the same competitive conditions.
• C)U.S. firms and workers must be protected from the ruinous competition of nations where wages for workers are low.
• D)Imports may eliminate some U.S. jobs, but they create others, so they may have little or no effect on employment.

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Definitions:

Economic Order Quantity

A formula that calculates the optimal order size to minimize the sum of ordering, carrying, and stockout costs.

Stock

Shares of ownership in a corporation or assets that represent an ownership interest.

Shortage Costs

The costs incurred when demand exceeds supply, including lost sales, expedited shipping fees, and decreased customer satisfaction.

Disrupted Production

Interruptions in the normal flow of manufacturing processes due to unforeseen events, leading to delays and potential financial losses.