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. Economies of scale are typically achieved through free trade, not protectionism. The saving jobs argument is often seen as short-term and can lead to inefficiencies. The protection of high wages argument is generally considered invalid because wages are determined by productivity, not trade barriers.

Most Economists Agree That Valid Reasons for Protecting Trade Include