Which of the Following Is a Valid Counterargument to a Call

question 117

Multiple Choice

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

• A) The need 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:

Geometric Average Return

A measure of the average rate of return on an investment compounding over time, calculated using the geometric mean.

Inversion Valve

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Emergency Braking

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Significant Loss

A considerable reduction in value, functionality, or quantity of something, often financially quantified.