One common political argument for government intervention is that it is necessary for protecting jobs and industries from "unfair" foreign competition.

Question

Quizplus · Accepted Answer

Many politicians and policymakers believe that by imposing tariffs or other barriers to trade, they can shield domestic producers and workers from the negative effects of foreign competition. However, this argument is not without controversy, as some economists argue that protectionism can ultimately harm consumers, reduce efficiency, and distort markets.

One Common Political Argument for Government Intervention Is That It