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Novosadov [1.4K]
3 years ago
14

The arguments for restricting trade Suppose there is a policy debate regarding the United States’ imposing trade restrictions on

imported tires. Read the following scenario and answer the question that follows. Domestic producers of tires send a lobbyist to the U.S. government to request that the government impose trade restrictions on imports of tires. The lobbyist claims that the U.S. tire industry is new and cannot currently compete with foreign firms. However, if trade restrictions were temporarily imposed on tires, the domestic tire industry could mature and adjust and would eventually be able to compete in the world market.Which of the following justifications is the lobbyist using to argue for the trade restriction on semiconductors? a. Unfair-competition argument b. Using-protection-as-a-bargaining-chip argument c. National-security argument d. Infant-industry argument e. Jobs argument
Business
1 answer:
Ilya [14]3 years ago
7 0

Answer:

Infant-industry argument

Explanation:

Infant-industry argument says that a particular industry can't compete with other international competitors because of the economies of scale. So, they demand a temporary protection until they gain economies of scale to be ready to compete on a level playing field.

Note: This can also come in the category of 'unfair competition' argument as huge economies of scales of well established companies create an unfair environment for nascent industries to compete on a same level.

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Its "Customers get a new piece of jewelry every three months.

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The first option, never tells what the customer gets in return.

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States request assistance from other states through interstate mutual aid and assistance agreements such as Emergency Management Assistance Compacts (EMACs)

Explanation:

EMAC, Emergency Management Assistance Compact-all aspects of mutual assistance compact which is at the core of the nation's program of mutual aid.

Since the 1950 Civil Defense and Disaster Treaty signed by the US, EMAC is the first treaty national disaster relief international. Convention. Convention. In 1996, 50 states have passed laws to become EMAC participants in their adoption and signing into statute, Columbia, Puerto Rico, Guam, US Virgin Islands and the Northern Mariana Islands.

A flexible and clear program allowing states to send personnel, supplies and resources to help in response and rehabilitation in other states provides assistance in Governor-declared emergencies or disaster areas.

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3 years ago
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It acts as the Currency
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In a periodic inventory system, which of the following accounts may be closed by debiting Cost of Goods Sold? a) Sales, Inventor
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c) Inventory (beginning) and Purchases.

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