Protecting domestic jobs from foreign competition is the best way to raise labour productivity.

Question

Quizplus · Accepted Answer

Protecting domestic jobs from foreign competition can actually have negative effects on labour productivity. It can create a lack of competition and incentive for domestic companies to improve their productivity and efficiency, leading to a decrease in overall productivity. Instead, promoting free and fair trade can encourage domestic companies to innovate and improve their productivity in order to compete in global markets.

Protecting Domestic Jobs from Foreign Competition Is the Best Way