Which of the following are reasons most 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

Most economists do not consider these reasons valid for trade protection. They generally argue that trade protection can lead to inefficiencies and higher prices for consumers, and that issues like environmental standards and wage differences are better addressed through other means.

Which of the Following Are Reasons Most Economists Consider Valid