"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 is referring to dumping, which is when foreign nations sell their goods below cost in another country, which can harm domestic firms. This is one of the key arguments for protectionism, as protecting domestic firms from unfair competition is seen as a way to support domestic employment and industry.

"The Nation Needs to Prevent Foreign Nations from Selling Their