List and describe three arguments that help to explain why nations sometimes restrict trade. Does everyone agree with these arguments?
The arguments that have been given to support trade restrictions are the national-defense argument, the infant-industry argument, the antidumping argument, the foreign-export-subsidies argument and the saving-domestic-jobs argument. Everyone does not accept these arguments for trade restrictions as valid. Critics maintain that the arguments can be (and are) abused and these arguments may be motivated by self-interest.
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Electric car enthusiasts want to buy more electric cars at a lower price. All of the following events would have this effect except
A) an increase in the number of manufacturers of electric cars. B) technological advancement in the production of electric car batteries. C) a decrease in the price of lithium, which is used in the electric car batteries. D) an increase in the price of gasoline.
There are no questions in this chapter
A) B) C) D)