The argument that import restrictions save jobs and promote prosperity fails to recognize that:

Question

Quizplus · Accepted Answer

Import restrictions may save jobs in the protected industry but may also lead to job losses in other industries that rely on imports. Additionally, import restrictions can increase prices for consumers and decrease competition in the domestic market. Finally, restricting imports may lead to retaliation from other countries, harming U.S. exports and overall economic growth. Additionally, U.S. imports provide people in other countries with the dollars needed to purchase U.S. exports, helping to support American jobs and industries.

The Argument That Import Restrictions Save Jobs and Promote Prosperity