Arguments in favor of protectionism include that it
A) helps reduce tariffs and quotas.
B) encourages the development of domestic industries.
C) encourages economic reliance on foreign countries.
D) creates opportunities for the outsourcing of domestic jobs.
E) creates a more favorable environment for a global economy.

Question

Quizplus · Accepted Answer

Protectionism can foster the growth of domestic industries by limiting foreign competition, thereby enabling local producers to become more competitive. Additionally, by protecting domestic industries, protectionism can help create jobs in the country.

Arguments in Favor of Protectionism Include That It