Which Is a Valid Counterargument to the Call for Higher

question 47

Multiple Choice

Which is a valid counterargument to the call for higher tariffs to save Canadian jobs?

• A)the need to protect Canadian 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)Canadian firms and workers must be protected from the ruinous competition of nations where wages for workers are low
• D)imports may eliminate some Canadians jobs, but they create others, so they may have little or no effect on employment

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Definitions:

User Cost

The cost of using a durable good or capital, considering factors like depreciation and the opportunity cost of not investing the funds elsewhere.

Extraction Cost

The expenses associated with removing natural resources from the earth or sea, including labor, equipment, and regulatory compliance costs.

Property Rights

The legal rights to use, control, and benefit from resources, assets, or property.

Conservation

The sustainable management and use of natural resources to prevent depletion and harm to the environment.