6. The arguments for restricting trade Suppose there is a policy debate regardin

Question

6. The arguments for restricting trade Suppose there is a policy debate regarding the United States' imposing trade restrictions on imported tires. Read the following scenario and answer the question that follows The president of the United States argues that the government should impose a tariff on tires because they are a necessary input into the production of various weapons. Free trade, she contends, would make the United States overly dependent on foreign countries for the supply of tires and thus, in case of war, unable to make enough weapons to defend itsel Which of the following justifications is the president using to argue for the trade restriction on tires? O Using-protection-as-a-bargaining-chip argument O Infant-industry argument O Jobs argument National-security argument Unfair-competition argument

Explanation / Answer

Ans:

National security argument

As per national security argument it is necessary to protect certain industries by imposing tariff inorder to ensure enough and continued domestic production in the event of a war.

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