Which of the following is NOT a major argument for restricting international trade?
A) the promotion of dumping in America
B) the national security argument
C) the infant industry argument
D) the prevention of dumping argument
E) saves U.S. jobs argument

Question

Quizplus · Accepted Answer

Dumping refers to a practice where a foreign country exports goods to the US market at a lower price than they are sold in their home market. Restricting international trade is often advocated as a means to prevent this kind of practice. The other options, B through E, are all major arguments for restricting international trade. The national security argument suggests that it is essential to maintain domestic industries that are critical to national security. The infant industry argument asserts that young domestic industries require protection from foreign competition until they become competitive. The prevention of dumping argument advocates for restricting international trade to maintain fair competition. Finally, the saves U.S. jobs argument argues that the government should protect jobs in the US by imposing tariffs and other measures to limit imports.

Which of the Following Is NOT a Major Argument for Restricting