If the executives of the U.S.silicon-chip industry lobby Congress for protection from imports on the grounds that theirs is a new industry that needs time to develop technological efficiency, they are using the:
A) environmental standards argument.
B) infant industry argument.
C) cheap foreign labor argument.
D) national security argument.
Correct Answer:
Verified
Q144: Trade between two nations can benefit both
Q145: A tariff is a tax restriction on
Q146: A nation that has a comparative advantage
Q147: Dumping:
A) is a strong case in general
Q148: If the executives of the U.S.silicon-chip industry
Q150: If the executives of the U.S.silicon-chip industry
Q151: If the executives of the U.S.silicon-chip industry
Q152: A protectionist policy generally enhances free trade.
Q153: The process in which an exporter sells
Q154: If the United States exports 6 million
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