chp-17(9(Arguments for Trade Restrictions) Explain the national defense, declining industries, and infant industry arguments for protecting a domestic industry from international competition.?
10.Firms hurt by lower priced imports typically arguethat restricting trade will save U.S. jobs. What’s wrong with this argument? Are there ever anyreasons to support such trade restrictions?
chp18-1)Explain the national defense, declining industries, and infant industry arguments forprotecting a domestic industry from international competition
2)Explain where in the U.S. balance of payments an entry would be recorded for each of the following:
a. A Hong Kong financer buys some U.S. corporate stock.
b. A U.S. tourist in Paris buys some perfume to take home.
c. A Japanese company sells machinery to a pineapple company in Hawaii.
d. U.S. farmers gave food to starting children in Ethiopia.
e. The U.S. Treasury sells a bond to a Saudi Arabian prince.
f. A U.S. tourist flies to France on Air France.
g. A U.S. company sells insurance to a foreign firm.
only 4 questions
please number as it is so i know which one goes to which.
Thanks
