Asked by Samantha Ortiz on Jul 13, 2024
Verified
Statement I: There are no valid arguments for even temporary protection against imports.
Statement II: Most recent American presidents have been ardent free traders.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Free Traders
Individuals or entities advocating for minimal restrictions on international trade and for reducing or eliminating trade barriers.
Temporary Protection
A form of humanitarian status that allows individuals fleeing emergencies in their home countries to remain in a host country for a limited period.
- Appraise the benefits and limitations of employing tariffs, quotas, and free trade agreements.
Verified Answer
HF
Hiwot FantaJul 17, 2024
Final Answer :
B
Explanation :
Statement I is false because there can be valid arguments for temporary protection against imports, such as protecting a domestic industry during a period of adjustment. Statement II is true because most recent American presidents, including Barack Obama and George W. Bush, have supported free trade policies.
Learning Objectives
- Appraise the benefits and limitations of employing tariffs, quotas, and free trade agreements.