Which Is a Valid Counterargument to the Call for Higher

question 11

Multiple Choice

Which is a valid counterargument to the call for higher tariffs to save U.S.jobs?

• A) They are needed to protect U.S.workers from the dumping of foreign products.
• B) Strategic trade policy calls for equal treatment of all trading nations so that they will have the same competitive conditions.
• C) U.S.firms and workers must be protected from the ruinous competition of nations where wages for workers are low.
• D) Imports may eliminate some U.S.jobs,but they create others,so they may have little or no effect on employment.

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Definitions:

Leverage

The use of debt to increase the return on an investment.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company uses its assets by calculating the number of times average accounts receivable are collected during a specific period.

Acceleration

The rate at which the velocity of an object changes over time, including increases and decreases in speed or changes in direction.

Preceding Year

The year that immediately comes before the current year in a chronological sequence.