Economists believe the most persuasive argument for protectionism is to
A)save jobs.
B)protect high wages.
C)protect national security.
D)protect infant industries.

Question

Quizplus · Accepted Answer

Economists believe that protecting infant industries is the most persuasive argument for protectionism. This argument states that temporary protection in the form of tariffs, subsidies, or quotas can help domestic industries grow and become competitive in the global market. The idea is that without protection, these industries may not be able to survive with established foreign competition, and the potential benefits they may bring to the domestic economy would be lost. However, this argument is often debated and criticized, as protectionism can also create negative consequences such as higher prices for consumers, inefficiency, and retaliation from foreign countries.

Economists Believe the Most Persuasive Argument for Protectionism Is to