Which of the following is a valid counter-argument to the call for higher tariffs to save U.S. jobs?
A) U.S. firms and workers must be protected from the cheaper labor in nations where wages are low
B) All nations cannot simultaneously succeed in restricting imports while maintaining exports
C) Reducing tariffs will benefit all consumers and domestic producers
D) The need to protect U.S. workers from the unemployment is not a concern in international economics
Correct Answer:
Verified
Q101: The following are commonly-used arguments for protection
Q102: Q103: Which organization meets regularly to establish rules Q104: Dumping is the sale of a product Q105: Which of the following is a likely Q107: A major goal of the World Trade Q108: Common arguments often raised to present the Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()