Most economists agree that valid reasons for protecting trade include which of the following? 1. The economies of scale argument. II. The saving jobs argument. III. The protection of high wages argument.

Most economists agree that valid reasons for protecting trade include which of the following? 1. The economies of scale argument. II. The saving jobs argument. III. The protection of high wages argument.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter34: Globalization And Protectionism

Section: Chapter Questions

Problem 40CTQ: If trade barriers hurt the average worker in an economy (due to lower wages), why does government...

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Most economists agree that valid reasons for protecting trade include which of the following?
1. The economies of scale argument.
II. The saving jobs argument.
III. The protection of high wages argument.
O A. I and II
OB. I only
O C. I and III
OD. None of the reasons are valid.

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