Economists usually agree with which of the following arguments that favour protectionism?
A)the competition with cheap foreign labour defence
B)the job protection defence
C)the dumping defence
D)the infant-industry defence
E)None of the above.Economists generally agree that arguments in favor of protection are flawed.

Question

Quizplus · Accepted Answer

Economists generally agree that arguments in favor of protectionism are flawed. While protectionism may temporarily benefit certain industries or segments of the population, it ultimately harms the overall economy by reducing competition, increasing prices for consumers, and hindering innovation and productivity.

Economists Usually Agree with Which of the Following Arguments That