A program of protection that results in preserving jobs in certain industries
A)raises average productivity in all sectors of the economy.
B)does so at very high cost to consumers of the products from those industries.
C)is an efficient way to preserve employment and is cheaper than other forms of maintaining full employment.
D)is an effective way of encouraging innovation and improvement in production.

Question

Quizplus · Accepted Answer

Protecting certain industries through measures such as import tariffs or subsidies can lead to higher prices for consumers of those products, which could result in decreased demand and reduced economic efficiency overall.

A Program of Protection That Results in Preserving Jobs in Certain