Which of the following is not an argument used in favour of protectionism? a.to protect an "infant " industry b.to protect domestic jobs c.to preserve national security d.to protect against "unfair"competition because of cheap labor e.to reduce prices paid by domestic consumers

Q: Explain the difference between free trade and protectionism

A: International trade: - it means the buying and selling of goods and services with other countries.

Q: All of the following are examples of protectionism except     most favored nation treatment…

A: Protectionism refers to the government policies that create a specific restriction on international…

Q: What is the argument against protectionism?

A: Free trade and protectionism are the two important views in international trade.

Q: Analyse how protectionism can affect consumers in a country

A: Meaning of Trade: The term trade refers to the situation under which the products and goods are…

Q: What is Protectionism? Group of answer choices State policies imposing barriers to restrict imports…

A: International trade refers to the exchange of goods and services between economies across the trade.…

Q: What can be regarded as the correct mix between free trade and protectionism

A: In an economy, free trade and protectionism are two opposite concepts or approaches to make economic…

Q: What is the national interest argument for protectionism with regard to certain products?

A: The national interest argument for protectionism holds that it is not wise to import certain key…

Q: Which of the following is not an argument used in favor of protectionism? a. to protect an…

A: Protectionism is the policy used by the government. Under this policy, it restrict the exports and…

Q: Protectionism uses tariffs as trade barriers? True or False

A: Protectionism is a policy implemented by the country to restrict the trade with the rest of the…

Q: Describe how protectionism affects the price of the protected good in the domestic market?  Who ends…

A: In order to defend their home nations against international competition, businesses often adopt a…

Q: Which of the following is not a valid economic argument for​ protectionism? A. infant industry…

A: Protectionism is an economic situation when the trading forces in the domestic country are protected…

Q: Write about two types of trade barriers and explain in detail.

A:

Q: What is the primary argument supporting protectionism?   Group of answer choices   Free trade can…

A: Protectionism is an economic policy that imposes taxes on imported goods, import quotas, and other…

Q: Define protectionism and explain non-tariff barriers to trade. Who are the major beneficiaries and…

A: When a government legislates policies to reduce or block international trade it is engaging in…

Q: Protectionism has three main forms: tariffs, import quotas, and...   Group of answer choices…

A: International trade increases the total surplus(sum of consumer and producer surplus) of nations…

Q: Who benefits from tariffs? Government or domestic industries?

A: Tariffs refer to the government policy to restrict the imports of goods and services in the economy.

Q: What would someone who supports protectionism likely say? A. The United States should end tariffs so…

A: Answer: Correct option: C  Explanation: Protectionism refers to the restriction of international…

Q: what is protectionism in terms of economics.

A: Economics: It refers to that field in which the production of goods and services takes place. The…

Q: What are some of the economic and noneconomic rationales governments use to intervene in trade?…

A: Macroeconomics is a part of economics that deals with production, decision and allocation concerning…

Q: Protectionism is most likely to be justified to

A: Introduction Protectionism. protectionism is used for the economical purpose in which any country…

Q: Protectionism is the practice of protecting domestic business against foreign competition, is very…

A: Protectionism is the government-imposed policy that restricts the tariff on imported goods,…

Q: Cars imported into the United States must have certain safety features to be allowed on highways and…

A: Economist argue that the world resources are better utilised if the trade is free among the…

Q: What is one of the major shortcomings of using tariffs or quotas to "save American jobs"?

A: A tariff refers to the tax imposed by the government on imported goods from other countries. Tariff…

Q: Countries use a variety of ways to protect their trade. One way is to enact tariffs, which tax…

A: The 1930 Smoot-Hawley Tariff Act constituted an important event in the history of the United States…