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.
Correct Answer:
Verified
Q256: The higher price of imported products due
Q257: Q258: Tariffs and quotas are costly to consumers Q259: If the United States government were to Q260: Assume that a tariff is imposed on Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents