Which of the Following Are Reasons Economists Consider Valid for Trade

question 96

Multiple Choice

Which of the following are reasons economists consider valid for trade protection?
I. Protection penalizes countries that have weak environmental standards.
II. Protection limits dumping of low- wage jobs into the domestic economy.
III. Protection prevents low- wage jobs in foreign countries from lowering wages in the United States.

• A) I, II, and III
• B) I and II
• C) II and III
• D) none of the above

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Definitions:

Housing Subsidies

Financial assistance provided by the government or other organizations to help individuals or families afford housing.

Poverty Rate

The percentage of the population living below the poverty line, which is typically defined as the minimum level of income deemed adequate in a particular country.

Demographic Group

A specific segment of the population categorized by distinguishable characteristics, such as age, gender, income, etc.

Female-headed Families

Households led by women, often highlighted in discussions on poverty, social policy, and income support due to unique socioeconomic challenges.