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Which of the following justifications is the lobbyist using to support their argument in favor of the trade restriction on circuits?

1 Answer

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Final answer:

The unfair-competition argument is used by the lobbyist, asserting that foreign subsidies create an uneven playing field for domestic circuit producers, thus justifying trade restrictions.

Step-by-step explanation:

The lobbyist is using the unfair-competition argument to support the trade restriction on circuits. This argument suggests that the domestic producers cannot compete fairly because producers in other countries receive subsidies for exporting their circuits, which effectively lowers their costs and creates an unbalanced playing field in the international marketplace.

Protectionist measures like tariffs or import quotas could be sought to counteract these foreign subsidies and level the competitive conditions for domestic producers.

Complete question:

Domestic producers of circuits send a lobbyist to the U.S. government to request that the government impose trade restrictions on imports of circuits. The lobbyist claims that producers in other countries receive subsidies to export circuits and that domestic suppliers can’t compete in the international marketplace.

Which of the following justifications is the lobbyist using to support their argument in favor of the trade restriction on circuits?

National-security argument

Using-protection-as-a-bargaining-chip argument

Jobs argument

Unfair-competition argument

Infant-industry argument

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