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) I and II
B) II and III
C) I, II, and III
D) none of the above

Question

Quizplus · Accepted Answer

Economists typically argue for free trade and often do not consider penalizing weak environmental standards, limiting dumping of low-wage jobs, or preventing the lowering of wages due to foreign low-wage jobs as valid reasons for trade protection. They usually emphasize the benefits of trade based on comparative advantage and market efficiency.

Which of the Following Are Reasons Economists Consider Valid for Trade