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 favour of protection are flawed.

Question

Quizplus · Accepted Answer

Economists generally do not agree with arguments in favour of protectionism as they believe it can lead to inefficiencies, higher prices for consumers, and retaliation from other countries. The arguments listed in choices A, B, C, and D are commonly used to support protectionist policies, but economists typically argue that these arguments are flawed.

Economists Usually Agree with Which of the Following Arguments That