A flawed argument for protection from foreign trade is that i. tariffs save domestic jobs.
Ii. tariffs protect the national culture.
Iii. quotas bring about diversity and stability.

Question

Quizplus · Accepted Answer

All three statements are flawed arguments for protection from foreign trade. Tariffs may temporarily save domestic jobs but can lead to inefficiencies and higher consumer prices. Tariffs are not a reliable method to protect national culture, which is more influenced by social and cultural policies. Quotas do not inherently bring about diversity and stability; they can lead to market distortions and inefficiencies.

A Flawed Argument for Protection from Foreign Trade Is That