Which of the following are reasons economists consider valid for trade protection? I.Protection penalizes countries that have weak environmental standards.
II.Protection limits dumping of low-wage jobs into the domestic economy.
III.Protection prevents low-wage jobs in foreign countries from lowering wages in Canada.
A)I and II
B)II and III
C)I,II,and III
D)I and III
E)None of the above

Question

Quizplus · Accepted Answer

Trade protection is often justified for reasons such as protecting infant industries, safeguarding national security, or responding to unfair trade practices, but not specifically for penalizing weak environmental standards or directly preventing low-wage jobs in foreign countries from affecting domestic wages. These reasons do not align with the primary economic justifications for trade protection.

Which of the Following Are Reasons Economists Consider Valid for Trade