Senator using to argue for trade restriction on steel rods

Assignment Help Business Economics

Reference no: EM13743402

Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported steel rods:

A senator from a state with several steel-rod factories explains that it is necessary to impose trade restrictions, such as a tariff, on the steel-rod industry to protect workers in the domestic steel-rod industry. The senator claims that without trade protection, there will be layoffs, causing many U.S. workers in the steel-rod industry to be unemployed.

Which of the following justifications is the senator using to argue for the trade restriction on steel rods?

National-security argument

Unfair-competition argument

Using-protection-as-a-bargaining-chip argument

Infant-industry argument

Jobs argument

Reference no: EM13743402

Questions Cloud

Explain relationship between scarcity choice and cost : Explain the relationship between scarcity, choice and opportunity cost. A well-structured answer will include:

What were the hunting and agrarian traditions : What were the hunting and agrarian traditions? In what ways did the reli-gious beliefs of Indian peoples reflect their environmental adaptations?

Explain what will happen to price and quantity : In the market for laptop computers, assume future prices are expected to fall. Using two graphs draw two possible but different scenarios that may result which account for how consumers would react and how producers would react. (Hint: In each graph,..

Sole proprietorship-partnership : Explain the following business structures: sole proprietorship, partnership, LLC, and a corporation. In your analysis address the following for each business structure:

Senator using to argue for trade restriction on steel rods : Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported steel rods: A senator from a state with several steel-rod factories explains that it is necessary to impose trade restrictions, such as a tariff, on..

Rank operations management and supply chain management : Rank operations management and supply chain management. Analyze inventory management concepts, and determine inventory quantities and ordering policies

Compute the change in the price of the bond : A 10-year zero coupon $100 face value bond has yield of 6%. Through series of unfortunate circumstance, expected inflation rises from 2% to 3%. Assuming the nominal yield rises by an amount equal to the rise in expected inflation, compute the change ..

Mental health professionals use either model : Explain the diathesis-stress (DS) or Biopsychosocial (BPS) model as it pertains to the psychopathology. Provide an example of how psychologists and other mental health professionals use either model.

What are the payment expectations for each type : Research and discuss the differences and importance of : IPPS, OPPS, MPFS and DMEPOS. Which provider type is paid by which method? What are the payment expectations for each type

User Account

All Pages