Protectionism, Liberals argue, is necessary to

Question

Quizplus · Accepted Answer

Liberals argue that protectionism is necessary to maintain the self-sufficiency of certain goods critical to our economic well-being. By protecting these industries, countries can prevent them from being swamped by foreign competition and maintain control over their production, ensuring that they will continue to be able to produce what they need to function effectively. This argument is often used to support subsidies, tariffs, and other measures that shield domestic industries from foreign competition.

Protectionism, Liberals Argue, Is Necessary to