The arguments for restricting trade
Suppose there is a policy debate regarding the United StatesAc€?c imposing trade restrictions on imported steel rods:
The president of the United States explains that it is necessary to impose trade restrictions, such as a tariff, on the steel-rod industry to protect workers in the domestic steel-rod industry. The president claims that without trade protection, there will be layoffs, causing many U.S. workers in the steel-rod industry to be unemployed.
Which of the following justifications is the president using to argue for the trade restriction on steel rods?
A) Infant-industry argument
B) National-security argument
C) Using-protection-as-a-bargaining-chip argument
D) Unfair-competition argument
E) Jobs argument