Suppose There Is a Policy Debate Over Imposing Trade Restrictions

question 186

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 tariffs, 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.