Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
New Topic  
Tidy Tidy
wrote...
Posts: 4852
9 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 664 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...
Top Poster
Posts: 3807
9 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...

9 years ago
Correct Slight Smile TY
wrote...

Yesterday
Thank you, thank you, thank you!
wrote...

2 hours ago
Brilliant
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1603 People Browsing
Related Images
  
 4492
  
 648
  
 385