Which of the following is NOT an argument against free trade?
A) infant-industry argument
B) protecting domestic job argument
C) countering foreign subsidies argument
D) comparative advantage argument

Question

Quizplus · Accepted Answer

The comparative advantage argument is in favor of free trade as it states that countries should specialize in producing goods and services they are relatively more efficient at producing and trade with other countries for goods and services they are relatively less efficient at producing. The other three arguments are against free trade. The infant-industry argument suggests that new industries need temporary protection from foreign competition to develop and become competitive. The protecting domestic job argument argues that free trade may result in job losses in certain industries, especially if foreign producers can produce the same goods at a lower cost. Finally, the countering foreign subsidies argument proposes that trade restrictions can be used to offset subsidies given by foreign governments to their producers so that domestic producers are not at a disadvantage.

Which of the Following Is NOT an Argument Against Free