What is an effective counter against the argument that international trade should be restricted to protect domestic jobs?
A) A more effective policy would be to support the industry with subsidies.
B) Free trade in 'green' goods will increase jobs.
C) Free trade increases the number of jobs in which workers earn higher incomes.
D) The more diversified the economy, the more stable it is.
E) Rent-seeking behaviour should be encouraged.

Question

Quizplus · Accepted Answer

The argument that international trade should be restricted to protect domestic jobs is based on the assumption that free trade harms employment opportunities in the domestic economy. However, research has shown that free trade can actually increase the number of jobs available in a country, as well as boost wages for workers. By allowing businesses to access global markets and lower their input costs, free trade can create more high-paying jobs in industries that are competitive on a global scale. Therefore, option C is an effective counter to the argument for protectionism, as it highlights the positive effects that free trade can have on domestic employment.

What Is an Effective Counter Against the Argument That International