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The arguments for restricting trade Suppose there is a policy debate over whether the United States should impose trade restrictions on imported ball bearings: The
The arguments for restricting trade
Suppose there is a policy debate over whether the United States should impose trade restrictions on imported ball bearings:
The president of the United States explains that it is necessary to impose trade restrictions, such as a tariff, on the ballbearing industry to protect workers in the domestic ballbearing industry. The president claims that without trade protection, there will be layoffs, causing many US workers in the ballbearing industry to be unemployed.
Which of the following justifications is the president using to argue for the trade restriction on ball bearings?
Infant industry argument
Employment argument
National security argument
Cheap foreign labor argument
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