The contention that domestic unions tend to want to restrict foreign competition with tariffs is
A) a national defense concern.
B) the infant industry argument.
C) dumping.
D) to protect domestic jobs.

Question

Quizplus · Accepted Answer

Domestic unions tend to lobby for tariffs to protect domestic jobs from foreign competition. They argue that foreign firms have lower labor costs and can produce goods at a lower price, making it difficult for domestic firms to compete. By imposing tariffs, the prices of foreign goods increase, making them less attractive to consumers, and allowing domestic firms to compete more effectively.

The Contention That Domestic Unions Tend to Want to Restrict