Consider each argument for limiting international trade:
The national security argument suggests that national security requires that strategically important goods be produced domestically.
The infant industry argument suggests that protection can help infant industries develop.
The unfair competition argument suggests that anti-dumping laws prevent unfair competition.
The fair standards argument suggests that trade should not enable firms to skirt regulations.
Determine which argument each statement is related to and whether the statement supports or opposes the argument.
a. "Industries that are protected from foreign competition often never develop to a point where they can compete internationally." This statement the argument.
b. "If foreign importers do not meet U.S. requirements regarding child labor, safety, and the environment, they will have an unfair cost advantage over domestic firms." This statement ______the_________ argument.
c. "If a fledgling industry is temporarily shielded from foreign competition, it can ultimately become globally competitive." This statement________ the_______ argument.
d. "Lower-priced goods from abroad often result from comparative advantage rather than unfair competition." This statement _________the__________ argument.
e. "A country must be able to access strategically important goods, such as weapons, oil, and food, if trade were to cease, as during a war." This statement ________the ___________argument.
f. "Labor and environmental requirements that are appropriate for a developed, wealthy economy may not be appropriate for less developed, poorer nations." This statement___________ the __________argument.
g. "A country rarely relies on a single international source for strategic goods." This statement _______the ________argument.
h. "Foreign firms sometimes temporarily charge below-cost prices, driving U.S. competitors out of business." This statement__________ the ___________argument.