Why should not we restrict imports of goods


Problem

Recently, the United States has taken action to restrict imports of certain Chinese goods, such as toys containing lead and seafood that doesn't meet health standards, in order to protect U.S. consumers. Some people have said that this shows a double stan-dard: If we're willing to restrict goods on these grounds, why shouldn't we restrict imports of goods that are produced with badly paid labor? Why is or isn't this argument valid?

a. -U.S. farm exports don't just mean higher incomes for farmers-they mean higher income for everyone who sells goods and services to the U.S. farm sector."

b. "Semiconductors are the crude oil of technology: if we don't produce our own chips, the flow of information that is crucial to every industry that uses microelec-tronics will be impaired."

c. 'The real price of timber has fallen 40 percent. and thousands of timber workers have been forced to look for other jobs:'

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Why should not we restrict imports of goods
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