Business, 12.02.2020 18:32 mairimespinal

For each scenario, identify which argument is being used to justify trade protectionism. Politicians in a small nation want to impose tariffs on foreign food because they believe the nation is too dependent on foreign producers. Lobbyists argue that by prohibiting the importation of manufactured goods, the domestic manufacturing industry will create thousands more jobs. Brazil imposes high tariffs for computer imports so small, domestic manufacturers can develop the technology needed to compete with foreign competitors. Lobbyists argue that raising import tariffs on foreign oil will lead to more domestic jobs in the domestic energy industry.

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For each scenario, identify which argument is being used to justify trade protectionism. Politicians...

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