Please don\'t give me wrong or unfinished answers on purpose. Thank you for your
ID: 1210667 • Letter: P
Question
Please don't give me wrong or unfinished answers on purpose. Thank you for your help. I will give you a good review if answered correctly.
Several arguments exist supporting the use of protectionism. Classify each of the statements below according to which argument is being used. It is possible that a statement does not belong in any of the four bins. The National Interest Argument The Race to the Bottom Argument The Unsafe Consumer Products Argument The Infant Industry Argument Globalization causes environmental degradation as countries choose increasingly lower environmental standards to attract industry. Some industries should be protected The interests of domestic until domestic firms emerge as industryproducers justify leaders, at which point protectionist protectionist policies policies may be removed. Protectionism is justified when a product is required for the safety Differences in standards of production across trading Babies are so cute and precious and thus diapers and cribs should not be imported. or security of the domestic population. partners make it unwise to have certain goods imported.Explanation / Answer
The infant industry argument -Some industries should be protected until domestic firms emerge as industry leaders, at whcih point protectionist policies may be removed. The interest of domestice producers justify protectionist policies. The National Interest Argument - Differences in standards of production across trading partners make it unwise to have certain goods imported. Race to the bottom Argument - Globalization causes environmental degradation as countries choose increasingly lower environmental standards to attract industry. Unsafe Consumer Product argument - Babies are so cute and precious, and thus diapers and cribs should not be imported.