Description
đ PLEASE ANSWER ALL QUESTIONS.
đ đ APA REFERENCE (USE UPDATE SOURCES)
đEXCELLENT GRAMMAR
đ« NO PLAGIARISM
Discussion Questions
1. Explain the national defense, declining industries and infant industry arguments for protecting a domestic industry from international competition.
2. Firms hurt by cheap imports typically argue that restricting trade will save U.S. jobs. Whatâs wrong with this argument? Are there ever any reasons to support such trade restrictions?
3. High tariffs usually lead to black markets and smuggling. How is government revenue reduced by such activity? Does smuggling have any social benefits?
Explanation & Answer
Attached.
Discussion Questions - Outline
Thesis Statement: Protectionism and trade restrictions in an economy are rooted in various
national and international justifications; however, they may lead to various undesired
consequences, while smuggling and black market operations emerge as a result of tariffs and
could lead to lost government revenues as well as various social benefits.
1. Explain the national defense, declining industries and infant industry arguments for
protecting a domestic industry from international competition
2. Firms hurt by cheap imports typically argue that restricting trade will save U.S. jobs.
Whatâs wrong with this argument? Are there ever any reasons to support such trade
restrictions?
3. High tariffs usually lead to black markets and smuggling. How is government revenue
reduced by such activity? Does smuggling have any social benefits?
Running head: DISCUSSION QUESTIONS
1
Discussion Questions
Name
Institution
DISCUSSION QUESTIONS
2
Discussion Questions
1. Explain the national defense, declining in...
Review
Review
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Similar Content
Related Tags
The English Patient
by Michael Ondaatje
Uncle Tom's Cabin
by Harriet Beecher Stowe
The Eyes Were Watching God
by Zora Neale Hurston
Anthem
by Ayn Rand
Fences
by August Wilson
Of Mice and Men
by John Steinbeck
The Two Towers
by J. R. R. Tolkien
Catching Fire
by Suzanne Collins
Z for Zachariah
by Robert C. OâBrien