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
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