Which of the following are reasons most economists consider valid for trade protection?
I. Protection penalises 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 Australia.
A) II and III
B) I and II
C) I, II and III
D) None of the above

Question

Quizplus · Accepted Answer

Most economists argue against trade protection because it generally leads to inefficiencies and higher costs for consumers. The reasons listed are not typically considered valid economic justifications for trade protection.

Which of the Following Are Reasons Most Economists Consider Valid