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.

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Definitions:

Aerobic Respiration

The process of producing cellular energy involving oxygen. It's the way most cells generate ATP, with carbon dioxide and water as byproducts.

Ozone Layer

A protective layer in Earth's stratosphere that absorbs most of the Sun's ultraviolet radiation, shielding the planet from harmful UV light.

Cyanobacteria

A phylum of bacteria that obtain their energy through photosynthesis and are noted for their role in the oxygenation of the Earth's atmosphere.

Organic Polymers

Large molecules composed of repeating carbon-based units, including proteins, nucleic acids, and many synthetic materials.