Which of the following is not an argument used in favor 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 foreign labor.
e. To reduce prices paid by domestic consumers.
e
You might also like to view...
A(n) ________ of a nation's currency will cause imports to ________ and exports to ________, all other things held constant
A) depreciation; increase; decrease B) appreciation; decrease; increase C) depreciation; decrease; increase D) appreciation; increase; increase E) depreciation; decrease; decrease
An increase in the money supply, other things being constant
A) causes interest rates to rise. B) generates an increase in the demand for money. C) causes the price level to increase. D) causes the purchasing power of money to increase.