Identify which of the arguments for restricting trade that each of the following rebuttals directs against.RebuttalsThe Jobs ArgumentThe National-Security ArgumentThe Infant-Industry ArgumentThe Unfair-Competition ArgumentThe Protection-as-a-Bargaining-Chip Argument(A) The gains of the consumers from buying imports at the low price subsidized by foreign governments would exceed the losses of domestic producers.      (B) Companies may exaggerate the degree to which their products are essential to national defense in order to obtain protection from foreign competition at the expense of consumers.      (C) The country may be forced into deciding between implementing trade restrictions as threatened, which would make the society as a whole worse off, or backing down on its own threat, which would cause it to lose credibility in foreign affairs.      (D) Opening up to free trade may impose hardship on some workers in the short run, but it also creates jobs in industries in which the country has a comparative advantage and enables the country as a whole to enjoy a higher standard of living.

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Asked Feb 11, 2020
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Identify which of the arguments for restricting trade that each of the following rebuttals directs against.
Rebuttals
The Jobs Argument
The National-Security Argument
The Infant-Industry Argument
The Unfair-Competition Argument
The Protection-as-a-Bargaining-Chip Argument
(A) The gains of the consumers from buying imports at the low price subsidized by foreign governments would exceed the losses of domestic producers.
 
 
 
 
 
 
(B) Companies may exaggerate the degree to which their products are essential to national defense in order to obtain protection from foreign competition at the expense of consumers.
 
 
 
 
 
 
(C) The country may be forced into deciding between implementing trade restrictions as threatened, which would make the society as a whole worse off, or backing down on its own threat, which would cause it to lose credibility in foreign affairs.
 
 
 
 
 
 
(D) Opening up to free trade may impose hardship on some workers in the short run, but it also creates jobs in industries in which the country has a comparative advantage and enables the country as a whole to enjoy a higher standard of living.
 
 
 
 
 
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