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7. The arguments for restricting trade Suppose there is a policy debate over whether Canada should impose trade restrictions on imported ball bearings: A political
7. The arguments for restricting trade Suppose there is a policy debate over whether Canada should impose trade restrictions on imported ball bearings: A political pundit argues that the government should impose a tariff on ball bearings because they are a necessary input into the production of various weapons. Free trade would make Canada overly dependent on foreign countries for the supply of ball bearings. In case of a war, Canada might not be able to make or purchase enough ball bearings and, therefore, would not be able to make enough weapons to defend itself. which of the following justifications is the pundit using to argue for the trade restriction on ball bearings? O Saving-domestic-jobs argument O Infant industry argument O National security argument O Using-protection-as-a-bargaining-chip argument Unfair competition argument
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