Protectionism is generally a cost effective method of saving jobs.

Question

Quizplus · Accepted Answer

Protectionism may initially save jobs in a particular industry or sector by limiting competition from foreign goods or services, but it typically leads to higher prices for consumers, reduced choice and innovation, and retaliatory measures from other countries. Over the long term, protectionism can harm economies by reducing overall efficiency and productivity, and hindering growth and development.

Protectionism Is Generally a Cost Effective Method of Saving Jobs