If the executives of the U.S.silicon-chip industry lobby Congress for protection from imports on the grounds that the military should have an unrestricted domestic supply of silicon chips, they are using the:
A) environmental standards argument.
B) infant industry argument.
C) cheap foreign labor argument.
D) national security argument.
Correct Answer:
Verified
Q138: A tax on imports of foreign goods
Q139: In the importing country, the most likely
Q140: If the United States imposes a quota
Q141: The infant industry argument for tariffs against
Q142: If the executives of the U.S.silicon-chip industry
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
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