Multinational businesses produce and sell goods around the world

Some people assert that protection from foreign competition prevents rich countries from exploiting developing countries. What is this argument in more detail and what is its flaw?

What will be an ideal response?

When a deadweight loss occurs in a market, we can be certain that

A) taxes have been imposed in a market. B) the market is a monopoly. C) there underproduction in the market. D) the entire society experiences a loss.