Suppose there is a policy debate over imposing trade restrictions on imported semiconductors in the United States.A congresswoman argues that it is necessary to impose trade restrictions,such as a tariff,on the semiconductor industry to protect workers in the domestic semiconductor industry.The congresswoman claims that without trade protection,there will be layoffs,causing many U.S.workers in the semiconductor industry to be unemployed.She is basing her preference for trade restrictions on the:

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The congresswoman's argument is based on the jobs and income argument, which advocates for trade protection to protect domestic industries and workers from foreign competition leading to job losses and income reduction. She is concerned that imposing trade restrictions is necessary to protect the jobs of U.S. workers in the semiconductor industry.

Suppose There Is a Policy Debate Over Imposing Trade Restrictions