The American Tire Company has been experiencing a steady loss of market over the past 40 years due to imports of lower-priced tires.Which of the following arguments would American Tire most likely present to Congress when it lobbies for trade restrictions?
A) The infant industry argument
B) The declining industry argument
C) The national defense argument
D) The antidumping argument
E) The jobs and income argument
Correct Answer:
Verified
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