Which of the following is an argument that is used for protection from free trade?
i. The national security argument.
ii. The infant-industry argument.
iii. The dumping argument.

Question

Quizplus · Accepted Answer

All three arguments are commonly used to justify protection from free trade. The national security argument suggests that certain industries are vital for national defense and should be protected from foreign competition. The infant-industry argument holds that emerging domestic industries need protection until they become competitive internationally. The dumping argument is used when a country's industries need protection against foreign companies that are selling products below cost in the domestic market.

Which of the Following Is an Argument That Is Used