Arguments in Support of Protectionist Measures Include Which of the Following

question 7

Multiple Choice

Arguments in support of protectionist measures include which of the following?

• A) decreasing cost argument.
• B) increased competitiveness argument.
• C) increased diversity argument.
• D) cheap foreign labor argument.

---

Definitions:

Services

Intangible and non-physical goods provided by individuals or companies, such as healthcare, education, and financial consulting.

Total Product

The total quantity of output produced by a firm or economy as a result of its production process.

Marginal Product

The additional output that is produced by adding one more unit of a factor, such as labor or capital.

Bushels

A measure of volume that is used for quantities of grain, fruit, or other produce.