Which of the following is NOT an argument for tariffs that protect domestic businesses and workers?
A)the infant-industry argument
B)the maintenance of improved quality of products to protect consumers
C)the protection of small businesses
D)the job-protection argument
E)the protection of industries and technology vital to defense preparedness

Question

Quizplus · Accepted Answer

The maintenance of improved quality of products to protect consumers is not typically an argument for tariffs. Tariffs are primarily used to protect domestic industries from foreign competition, not to ensure product quality. Arguments like the infant-industry argument, protecting small businesses, job protection, and safeguarding industries crucial for defense are common justifications for tariffs.

Which of the Following Is NOT an Argument for Tariffs