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 the United States.
A) II and III
B) I and II
C) I, II, and III
D) none of the above

Question

Quizplus · Accepted Answer

Economists generally do not consider these reasons as valid for trade protection. Protectionism can lead to inefficiencies and higher costs, and the reasons listed are often seen as more political or social rather than economic justifications.

Which of the Following Are Reasons Economists Consider Valid for Trade