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:

Intellectual Abilities

The cognitive capacities of an individual, including memory, reasoning, problem-solving, and abstract thinking.

Emotions

Complex psychological states that involve physiological arousal, expressive behaviors, and conscious experience.

Socialization

The process by which individuals learn and adopt the norms, values, behaviors, and social skills appropriate to their society.

Values

Core beliefs or principles that guide an individual's behavior and decision-making, reflecting what is important to them.