When a Tariff Supporter Argues That Foreign Producers Are Selling

question 59

Multiple Choice

When a tariff supporter argues that foreign producers are selling their products for prices below the costs of production,which of the following is being used?

• A) Save domestic jobs argument
• B) National security argument
• C) Dumping argument
• D) Infant-industry argument
• E) Diversity and stability argument

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Definitions:

Economically Equivalent

A term used to describe two or more scenarios that have the same economic impact or value, despite being different in form or structure.

Payments

The transfer of money, goods, or services in exchange for a product or service.

Annum

A Latin word that means "year," often used to denote a period of time equal to one calendar year.

Repaid

The act of paying back money that was borrowed.