Economists Usually Agree with Which of the Following Arguments That

question 116

Multiple Choice

Economists usually agree with which of the following arguments that favour protectionism?

• A)the competition with cheap foreign labour defence
• B)the job protection defence
• C)the dumping defence
• D)the infant-industry defence
• E)none of the above.Economists generally agree that arguments in favour of protection are flawed.

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Definitions:

Employment At Will Doctrine

A legal principle that employment is voluntary for both the employer and the employee, and either party may terminate employment at any time, for any reason, without prior notice.

Religious Convictions

Deeply held beliefs in the principles, teachings, and practices of a religion that influence a person's actions and decisions.

Labor Unions

Organizations that represent the interests of employees in negotiations with employers over wages, working conditions, and other employment terms.

Railway Labor Act

A U.S. law aimed at preventing strikes and encouraging fair labor practices in the railway and airline industries.