1. A government limit on the quantity or total value of imports of a specific product is known as which of the following?
A.An import quota
B.An export subsidy
C.A protective tariff
D.An excise tax
Ā
2. Suppose there is a policy debate over whether the United States should impose trade restrictions on imported semiconductors:
A congresswoman from a state with several semiconductor factories explains that it is necessary to impose trade restrictions, such as a tariff, on the semiconductor industry to protect workers in the domestic semiconductor industry. The congresswoman claims that without trade protection, there will be layoffs, causing many U.S. workers in the semiconductor industry to be unemployed.
Which of the following justifications is the congresswoman using to argue for the trade restriction on semiconductors?
A.National-security argument
B.Unfair-competition argument
C.Saving-domestic-jobs argument
D.Using-protection-as-a-bargaining-chip argument
E.Infant-industry argument
1. A government limit on the quantity or total value of imports of a specific product is known as which of the following?
A.An import quota
B.An export subsidy
C.A protective tariff
D.An excise tax
Ā
2. Suppose there is a policy debate over whether the United States should impose trade restrictions on imported semiconductors:
A congresswoman from a state with several semiconductor factories explains that it is necessary to impose trade restrictions, such as a tariff, on the semiconductor industry to protect workers in the domestic semiconductor industry. The congresswoman claims that without trade protection, there will be layoffs, causing many U.S. workers in the semiconductor industry to be unemployed.
Which of the following justifications is the congresswoman using to argue for the trade restriction on semiconductors?
A.National-security argument
B.Unfair-competition argument
C.Saving-domestic-jobs argument
D.Using-protection-as-a-bargaining-chip argument
E.Infant-industry argument
