Domestic producers of goods that compete with imports benefit from protectionism in the short run.

Name: Domestic producers of goods that compete with imports benefit from protectionism in the short run.
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Question

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Protectionism shields domestic producers from foreign competition, ensuring that their goods receive greater demand and are sold at higher prices. In the short run, this will result in higher profits for domestic producers of goods that compete with imports.

Domestic Producers of Goods That Compete with Imports Benefit from Protectionism