Which Rationale for Trade Restrictions Is Commonly Heard in the United

question 95

Multiple Choice

Which rationale for trade restrictions is commonly heard in the United States, is voiced by WTO protesters and labor unions?

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

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Definitions:

Fashion Product

A product that comes in and out of favor with consumers.

Fad Product

A product that is very popular for a relatively short amount of time.

New-Product Development Process

A series of stages that an organization goes through to conceive, design, develop, and market new products.

Ideas

Creative thoughts or plans that are generated in the mind as potential solutions to a problem or for innovative projects.