Economists Usually Agree with Which of the Following Arguments That

question 24

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 favor of protection are flawed.

---

Definitions:

Manufacture

Manufacture involves the process of converting raw materials into finished goods through various techniques and processes, typically involving labor and machinery.

Distribution

The act of presenting a product or service for utilization or consumption by a consumer or business entity.

Public Nuisance

An act or omission that obstructs, damages, or inconveniences the rights of the community or a significant number of people.

Health

The state of being free from illness or injury and includes physical, mental, and social well-being.