Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Tidy Tidy
wrote...
Go to Answer
Posts: 4852
Rep: 38 0
8 years ago
Many economists criticize protectionism because it causes losses to consumers and eliminates jobs in domestic industries that use protected products. Why, then, do some people support protectionism?
A) The criticisms of economists are based on theory. In fact, protectionism increases consumer and producer surplus as well as employment.
B) Supporters of protectionism in high-income countries believe that wages will fall as a result of competition with firms from developing countries.
C) Supporters of protectionism believe free trade will cause their countries to lose their comparative advantage.
D) Supporters of protectionism believe that free trade will lead to inflation.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 637 times
1 Reply
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
Replies
Answer verified by a subject expert
SydnieSydnie
wrote...
#1
Top Poster
Posts: 3807
Rep: 458 1
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Tidy Author
wrote...

8 years ago
Just got PERFECT on my quiz
Mcb
wrote...

Yesterday
Good timing, thanks!
Ctownsend
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1229 People Browsing
 125 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 333
  
 255
  
 607
Your Opinion
Previous poll results: Who's your favorite biologist?