Question

a. match each argument below to the case against international trade that it supports.
national security argument infant industry argument unfair competition
argument fair standards argument
answer bank
d. foreign firms sometimes temporarily charge below-cost prices, driving canadian competitors out of business.
c. 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.
a. if foreign importers dont meet canadian requirements regarding child labor, safety, and the environment, they will have an unfair cost advantage over domestic firms.
b. if a fledgling industry is temporarily shielded from foreign competition, it can ultimately become globally competitive.

Explanation:

• National security argument: This argument is about a country's need to access strategically important goods (like weapons, oil, food) even if trade ceases (e.g., during war). So option C matches here.
• Infant industry argument: It's about protecting a new (fledgling) industry from foreign competition so it can become competitive globally. Option B fits this.
• Unfair competition argument: Foreign firms charging below - cost prices to drive domestic competitors out is an example of unfair competition. So option D is for this.
• Fair standards argument: This is about foreign importers not meeting domestic (Canadian) standards (child labor, safety, environment) and thus having an unfair cost advantage. Option A matches this.

Answer:

• National security argument: C. 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.
• Infant industry argument: B. If a fledgling industry is temporarily shielded from foreign competition, it can ultimately become globally competitive.
• Unfair competition argument: D. Foreign firms sometimes temporarily charge below - cost prices, driving Canadian competitors out of business.
• Fair standards argument: A. If foreign importers don't meet Canadian requirements regarding child labor, safety, and the environment, they will have an unfair cost advantage over domestic firms.