Suppose there is a policy debate regarding the United States' imposing trade restrictions on imported ball bearings.Read the following scenario and answer the question that follows.A congresswoman from a state with several ball-bearing factories argues that the government should impose a tariff on ball bearingsbecause they are a necessary input into the production of various weapons. Free trade, she contends, would make the United Statesoverly dependent on foreign countries for the supply of ball bearings and thus, in case of war, unable to make enough weapons todefend itself.Which of the following justifications is the congresswoman using to argue for the trade restriction on ball bearings?Unfair-competition argumentUsing-protection-as-a-bargaining-chip argumentNational-security argumentInfant-industry argumentJobs argumentO O O O

Which of the following justifications is the congresswoman using to argue for the trade restriction…

Answered: Suppose there is a policy debate…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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