Even though the costs to consumers may be greater than the benefits to protected industries, the government may still provide protection aimed at saving jobs.

Question

Quizplus · Accepted Answer

This statement is true. Governments often provide protection to industries in order to save jobs, even though it may result in higher costs for consumers. This is because job loss can have significant negative effects on both the individuals who lose their jobs and the wider economy. Governments may deem it necessary to intervene in order to prevent job losses and promote economic stability.

Even Though the Costs to Consumers May Be Greater Than