Business, 13.03.2020 23:30 gallla

Suppose there is a policy debate over whether the United States should impose trade restrictions on imported steel rods: The president of the United States 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 president 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 president using to argue for the trade restriction on steel rods?

Infant-industry argument
National-security argument
Saving-domestic-jobs argument
Unfair-competition argument
Using-protection-as-a-bargaining-ch ip argument

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