Which of the Following Are Reasons Economists Consider Valid for Trade

question 85

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

---

Definitions:

Big Pig

This term does not match a standard economic concept and might be context-specific or refer to a specific case or study. NO.

Payoff

The return or financial gain received from an investment or decision.

Chicken

A domesticated bird commonly raised for its meat and eggs, and sometimes used as a symbol in games of bravery or conflict.

Payoff

Payoff refers to the return or reward received as a result of a particular action or decision, often used in the context of games and economic strategies.