Arguments for and against protectionism include all of the following except
A) tariffs and quotas protect domestic firms and jobs.
B) tariffs and quotas reduce competition and drive up prices.
C) tariffs and quotas adversely affect the exchange rate.
D) that while some jobs and industries would be protected with tariffs and quotas, all countries would be better off without them as jobs in other industries would expand.
E) tariffs and quotas are in response to actions of other governments.

Question

Quizplus · Accepted Answer

The other four choices are arguments for or against protectionism, while choice C simply states a potential consequence of protectionist policies.

Arguments for and Against Protectionism Include All of the Following