What do most economists find to be the most persuasive argument in favor of protectionism?

a. trade barriers protect infant industries that initially have relatively high costs.

b. trade barriers protect our national security.

c. trade barriers prevent firms from having to pay lower wages to compete with firms in developing countries.

d. trade barriers reduce child labor in developing countries.

e. both a and

b?

Question

Business

Gilbert Nash

17 September, 23:19

What do most economists find to be the most persuasive argument in favor of protectionism?

a. trade barriers protect infant industries that initially have relatively high costs.

b. trade barriers protect our national security.

c. trade barriers prevent firms from having to pay lower wages to compete with firms in developing countries.

d. trade barriers reduce child labor in developing countries.

e. both a and

b?

+4

Answers (1)

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Malia · Answer 1

Economist find trade barriers product infant industries that initially have relatively high costs to be the most persuasive argument in favor of protectionism.

Protectionism is an economic policy that restricts imports from other countries. They use tariffs (tax regulations) on import goods as well as other government regulations to do this. Protectionism is said to protect local businesses from other country competition.