Employment argument for protection


 

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Employment argument for protection

The use of a tariff or other trade restriction to promote employment, either in the economy at large or in a particular industry. This is a second best argument, since other policies -- such as a fiscal stimulus or a production subsidy -- could achieve the same effect at lower economic cost.



Similar Matches

Employment status

Employment status

A term used by lenders to describe potential borrowers' working arrangements. Self-employed applicants are sometimes seen as a greater risk than employees. Many specialist lenders and mortgages have emerged in recent years designed specially for different types of employment status.


Unemployment rate

Unemployment rate

The percentage of the people classified as unemployed as compared to the total labor force.


Verification of employment

Verification of employment

As part of the loan process, a lender will ask the borrower's employer for confirmation of the borrower's position and salary.


Employment rate

Employment rate

The percentage of the labor force that is employed. The employment rate is one of the economic indicators that economists examine to help understand the state of the economy. See also: Unemployment rate.


Unemployment

Unemployment

A measure of the number of workers that want to work but do not have jobs.


Further Suggestions

expenses in employment
unemployment benefit
Accident, Sickness and Unemployment insurance
Unemployment insurance
Self employment tax
Full Employment and Balance Growth Act of 1978(Humphrey Hawkins Act)


 
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