'Tariffs are needed to reduce imports during times of recession in order to increase domestic output.' This statement would be most closely associated with which argument for restricting trade?
A)the jobs argument
B)the infant industry argument
C)the national security argument
D)the unfair competition argument

Question

Quizplus · Accepted Answer

The jobs argument is most closely associated with the idea that tariffs are needed to reduce imports during times of recession in order to increase domestic output. This is because the primary goal of such tariffs would be to protect domestic jobs by reducing competition from foreign imports, thereby encouraging consumers to buy domestically produced goods and services.

'Tariffs Are Needed to Reduce Imports During Times of Recession