00:01
So look, i think this is pretty straightforward.
00:02
The answer here is obviously e, but i want you to walk through all the choices and try to explain why it's e.
00:10
So we want to make tires in america because there might be a war and tires are an important component to the war machine.
00:20
This is not an infant industry argument.
00:22
The idea of infant industry is that industries are expensive when they're small, but if you sort of protect and nurture them when they're small, they will grow up to be big and self -sufficient.
00:35
And so it is worth engaging in some protection to let the industry blossom into what it can be instead of, you know, exposing it to competition from the very beginning and killing it off, right? so there's no mention of growth or lower costs, right? an infant industry has, is this idea that the industry will grow into a more mature industry, which can compete more effectively with lower costs.
01:01
There's nothing about that here.
01:03
B, be protection bargaining, right? and this is often a feature of trade deals or political wrangling, the idea being like, well, we're going to put protection on this industry unless you give us something in return.
01:26
And it could be something that the country wants in the other country, or could be something that a politician wants.
01:32
There's no mention of something else, right? for this to be a protection bargaining argument, it would have to be that the congresswoman is arguing that, well, you should give me a policy in exchange, right? she wants something else in exchange.
01:53
But there's no mention of anything else.
01:56
Like she was saying, like, you know, california needs water and we're going to fight.
02:01
This bill unless you give us the water we need or something but there's no no second issue here which is being bargained about right when you're bargaining you're trying to achieve something else and there is no something else here um see jobs there is again there's not much i can say here there is no mention of jobs so it's not a jobs argument if jobs are never mentioned d unfair competition this is something you see a lot when the united states is arguing with china or countries uh you know at low standards development, you're producing too cheaply.
02:37
It's not reflecting your true costs.
02:39
You're dumping on us.
02:40
This is an argument that the united states has had with canada about lumber, saying that canada is selling lumber too cheaply...