Answer to Question #190268 in Macroeconomics for James

Question

QUESTION 8

This argument for protectionism is to block imports for only a limited time.

1. The jobs argument.
2. The national defense argument.
3. The infant industry argument.
4. The inflated industry argument.
5. All of the above.

QUESTION 9

Trade policy is an example where regulations can redirect economic forces:

1. And prevent them from manifesting themselves elsewhere.
2. But it cannot prevent them from manifesting themselves elsewhere.
3. Always causing significant harm to society.
4. Always creating significant benefit for society.
5. All of the above.

QUESTION 10

These laws block imports that are sold below the cost of production.

1. Antitrust laws.
2. Unfair competition laws.
3. Anti-dumping laws.
4. Anti-selling laws.
5. Anteater laws.

Answer 1

This argument for protectionism is to block imports for only a limited time.

The infant industry argument.

Trade policy is an example where regulations can redirect economic forces:

Always creating significant benefit for society.

These laws block imports that are sold below the cost of production.

Anti-dumping laws.