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. Suppose there is a policy debate regarding the United States'...
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Suppose there is a policy debate regarding the United States' imposing trade restrictions on imported steel rods. Read the following scenario and answer the question that follows. Domestic producers of steel rods send a lobbyist to the U.S. government to request that the government impose trade restrictions on
imports of steel rods. The lobbyist claims that the U.S. steel-rod industry is new and cannot currently compete with foreign firms. However, if trade restrictions were temporarily imposed on steel rods, the domestic steel—rod 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 steel rods? Unfair—competition argument Jobs argument National—security argument
Using—protection—as—a—bargaining—chip argument Infant—industry argument
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