Which of the following is not used as a protectionist argument?
A) Imports crowd U.S.goods out of the market
B) Imports reduce the demand for domestic labor leading to higher unemployment
C) Our industries cannot compete successfully against those in other countries that pay much lower wages
D) Imports raise living standards above what they would otherwise be
E) All of the above are used as protectionist arguments
Correct Answer:
Verified
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