Most economists agree that valid reasons for protecting trade include which of the following?
I. The preventing rich countries from exploiting developing countries argument.
II. The saving jobs argument.
III. The protection of high wages argument.

Question

Quizplus · Accepted Answer

Most economists argue that trade protectionism is generally not justified by these reasons. They believe that free trade typically leads to more efficient resource allocation, economic growth, and consumer benefits, and that the reasons listed are often based on misconceptions or short-term thinking.

Most Economists Agree That Valid Reasons for Protecting Trade Include