Arguments in support of protectionism (and against free trade) include all of the following EXCEPT
A) new and troubled industries need to be protected until they acquire sufficient strength to compete equally against their foreign counterparts.
B) jobs at home should be protected from cheap foreign labor.
C) protectionism increase total domestic consumption possibilities.
D) national security interests require that nations retain the ability to produce vital materials at home and avoid dependence upon potential enemies.

Question

Quizplus · Accepted Answer

Protectionism does not necessarily increase total domestic consumption possibilities. In fact, it can lead to higher prices for consumers and decreased competition, which can ultimately harm the economy. The other three options are commonly cited arguments in favor of protectionism.

Arguments in Support of Protectionism (And Against Free Trade) Include