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
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