Most economists agree that valid reasons for protecting trade include which of the following?
I. The economies of scale argument.
II. The saving jobs argument.
III. The protection of high wages argument.

Question

Quizplus · Accepted Answer

Most economists argue that none of these reasons are valid for protecting trade. The economies of scale argument is typically used to support free trade, not protectionism. The saving jobs and protection of high wages arguments are often seen as short-term and can lead to inefficiencies and higher costs in the long run.

Most Economists Agree That Valid Reasons for Protecting Trade Include