Which Is a Valid Counterargument to the Call for Higher

question 24

Multiple Choice

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

• A) U.S.firms and workers must be protected from the weak labor laws in nations where wages are low.
• B) All nations cannot simultaneously succeed in restricting imports while maintaining exports.
• C) Strategic trade policy calls for unequal treatment of all trading nations so that they have incentive to compete.
• D) They are needed to protect U.S.workers from unemployment and underemployment.

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Definitions:

Expanding Industries

Sectors of the economy that are experiencing growth in terms of production, sales, or employment.

Birthrates

The number of live births per 1,000 people in a population within a given period.

Divorce Rates

The statistical measure of divorces per population within a specified time frame, indicating the frequency of marital separations.

Industrial Revolution

The period of significant industrial growth that began in the late 18th century in Britain, characterized by the widespread use of machinery and the shift from agrarian to industrial economies.