48. An argument in favor of protective tariffs is the "infant-industry argument," which states that:A. any industry dealing with products for infants should be protectedB. infant-industries need government loans*C. infant-industries should be protected by tariffs from established foreign competitionD. infant-industries should be exempt from antitrust lawsE. infant-industries should be able to form monopoliesTitle: ANSWER: B REFERENCE: Barriers to Trade LEARNING OUTCOME: 3
49. The _____ is a protectionist argument that says the U.S. should use tariffs to keep foreign labor from taking away U.S. jobs.
50. Which of the following is NOT an argument for tariffs that protect domestic businesses and workers?
51. Besides tariffs, a government can use a number of other tools to restrict trade. Which of the following isNOT a tool aimed at restricting trade?