Economists usually agree with which of the following arguments that favour protectionism?
A)the competition with cheap foreign labour defence
B)the job protection defence
C)the dumping defence
D)the infant-industry defence
E)none of the above. Economists generally agree that arguments in favor of protection are flawed.

Question

Quizplus · Accepted Answer

Economists generally agree that arguments in favor of protection are flawed. The potential benefits of protectionism, such as protecting domestic jobs and industries or preventing dumping, are often outweighed by the costs, including higher prices for consumers, decreased international trade, and retaliation from other countries. While some economists may support protectionism in certain limited circumstances, such as protecting infant industries, the general consensus is that free trade is the most efficient and effective way to promote economic growth and development.

Economists Usually Agree with Which of the Following Arguments That