Suppose there is a policy debate regarding the United States' imposing trade restrictions on imported ball bearings.Read the following scenario and answer the question that follows.A congresswoman from a state with several ball-bearing factories argues that the government should impose a tariff on ball bearingsbecause they are a necessary input into the production of various weapons. Free trade, she contends, would make the United Statesoverly dependent on foreign countries for the supply of ball bearings and thus, in case of war, unable to make enough weapons todefend itself.Which of the following justifications is the congresswoman using to argue for the trade restriction on ball bearings?Unfair-competition argumentUsing-protection-as-a-bargaining-chip argumentNational-security argumentInfant-industry argumentJobs argumentO O O O

Which of the following justifications is the congresswoman using to argue for the trade restriction…

Answered: Suppose there is a policy debate…

Foundations of Business - Standalone book (MindTap Course List)

4th Edition

ISBN:9781285193946

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter3: Exploring Global Business

Section: Chapter Questions

Problem 4CC

See similar textbooks

Similar questions

B 0:38 Kellogg's has formed a legal relationship with a food processor, GungMa in southern China, in an attempt to capture the burgeoning market in China With GungMa International, Kellogg's has formed a specifically for China, Multiple Choice Franchise Strategic International Alliance WOFE Direct Export Joint Venture 08 o Q Q
I have the answer but can you change it and add more information if neede whose interests should be the paramount concern of government trade policy—the interests of producers (businesses and their employees) or those of consumers? Defend your answer! Government trade policy should be concerned with consumers more , because if trade policy favour producers and protect them from foreign competiiton, producers will not try to innnovate in absence of competition from better foreign goods as well as they may charge higher price and exploit consumers. If trade policy is concerned about consumers and open the trade, new goods will be imported at lower price and consumers will have more options. i know employees of the business may get hurt due to the increase in import and they may loose their jobs due to less demand for domestic goods. but when trade is opened, MNCs also enter the domestic market which may increase job opportunities for class of labor or employees. so Govt should favor…
How do monopolistic states differ from competitive states in workers’ compensation insurance? a)in monopolistic states, competitive markets are prohibited. b)In competitive states, the employer can chose either a carrier or the monopoly c)In monopolistic states, competitive markets are prohibited from cancelling insurance policies. d)In competitive states, the monopolistic entity cannot provide coverage at a lower premium
Simco (https://simcodrill.com/) has been contacted by someone in Lithuania who wants to purchase drilling equipment. Are there any people in Lithuania to whom the firm cannot sell? Is the product considered "dual use" and/or does it require an export license? If it requires an export license, briefly discuss the agency involved and how an export license would be sought. Gerbs (https://www.mygerbs.com/) is considering the sale of dry roasted pumpkin seeds (an allergy friendly food) to some consumers in Lithuania. Are there phytosanitary requirements? What would the import tariff be for Lithuania?
Why did the U.S. Supreme Court develop the “effects on interstate commerce” test? Is most commerce considered “interstate commerce” that can be regulated by the federal government? ”
Last year, eHarbour signed a contract with the United States Olympic Committee and US Sailing, the National Governing Body for the sport of sailing, to sponsor the US Sailing team in the upcoming Olympics. The marketing team hoped that sponsoring sailing at the Olympics would be good publicity to promote eHarbour software. Unfortunately, the venue for the Olympic Games had to be moved to a country that is now known for multiple human rights violations, including treatment of women and certain ethnic groups. There is now a lot of bad publicity with the upcoming Olympics. There have been articles appearing in newspapers and magazines demanding that corporate sponsors pull out from the upcoming Olympics. Some members of Congress have called for sponsors to withdraw sponsorship of the Olympics. Discuss whether eHarbour can withdraw sponsorship from the Olympics without violating its existing contract with the United States Olympic Committee and US Sailing. What defenses could eHarbour…
Various parties occasionally call for import limits or levies on foreign produced items , most notably automobiles, so how these likely to be beneficial or harmful ?
four (4) ways in which the government could use trade barriers to protect its market from foreign competition.
An American importer of English clothing has contracted to pay an amount fixed in British pounds three months from now. If the importer worries that the US dollar may depreciate sharply against the British pound in the interim, it would be well advised to a. Buy pounds in the forward exchange market. b. Sell pounds in the forward exchange market. c. Buy dollars in the futures market. d. Sell dollars in the futures market.
James owns a drone company in Canada, and the majority of his business is importing and exporting various drone parts. His largest customers are two competing drone manufactures, one in the UK and one in the USA. Canada and the UK recently announced a trade continuity agreement (TCA) that provides Canadian exporters with continued preferential access to the UK market. Explain why James is relieved by the TCA announcement? Without the TCA, what rules would govern James’ bilateral trade between Canada and the UK?
ABC’s machinery contains some high-technology components developed in Canada by ABC. ABC registered its patents and designs in Canada and the U.S. ABC’s Chief Technology Officer, Bill, is concerned that Chinese buyers of ABC’s machines can possibly copy the designs and use them to start manufacturing their own equipment. What is the best choice of action for Bill to preserve the competitiveness of ABC’s machines in China? A.Do nothing else—registering ABC’s patents and designs in the U.S. will provide protection in China because of extraterritorial application of U.S. intellectual property protection laws. B.Sell old versions of ABC’s machines to China, because even if Chinese customers reverse engineer ABC’s equipment, they will not get access to ABC’s latest technology. C.File patents for ABC’s technology and register ABC’s industrial designs in China to obtain protection for ABC’s intellectual property locally and be able to pursue the infringers. D.Leave the Chinese market. The…
Explain General Agreement on Tariffs and Trade (GATT)?

SEE MORE QUESTIONS

Recommended textbooks for you

Foundations of Business - Standalone book (MindTa…

Marketing

ISBN:

9781285193946

Author:

William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:

Cengage Learning

Foundations of Business (MindTap Course List)

Marketing

ISBN:

9781337386920

Author:

William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:

Cengage Learning

Foundations of Business - Standalone book (MindTa…

Marketing

ISBN:

9781285193946

Author:

William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:

Cengage Learning

Foundations of Business (MindTap Course List)

Marketing

ISBN:

9781337386920

Author:

William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS