Asked by Zybrea Knight on May 05, 2024
Verified
Which of the following is a valid counterargument to a call for higher tariffs "to save U.S. jobs"?
A) The government needs 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.
Higher Tariffs
Increased taxes imposed on imported goods, typically used to protect domestic industries from foreign competition and raise government revenue.
U.S. Jobs
Employment opportunities available in the United States, encompassing various sectors, industries, and roles.
Imports
Items or offerings that enter into a nation from abroad aimed at being sold or employed.
- Analyze the rationalizations supporting and opposing protectionism, such as safeguarding nascent industries and preserving local employment opportunities.
Verified Answer
Learning Objectives
- Analyze the rationalizations supporting and opposing protectionism, such as safeguarding nascent industries and preserving local employment opportunities.
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