"The nation needs to prevent foreign nations from selling their excess goods in our nation at a price below cost so we can save American firms." This quotation would be most closely associated with which protectionist argument?

Question

Quizplus · Accepted Answer

The quotation refers to the practice of dumping, which is when foreign countries sell goods in another country at a price lower than their cost of production. This can harm domestic firms and cause them to go out of business. Therefore, the argument presented here is for protection against dumping, which is a key aspect of protectionist trade policy.

"The Nation Needs to Prevent Foreign Nations from Selling Their