Which of the Following Statements Is Used to Justify Protectionism

question 105

Multiple Choice

Which of the following statements is used to justify protectionism?

• A)Free trade leads to higher prices for imported goods.
• B)Free trade increases employment by protecting domestic firms.
• C)A country should not rely on other countries for goods that are critical to its national defence.
• D)Trade restrictions are not necessary to protect new firms since they can gain experience and become more productive without protection.

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Definitions:

American Citizenship

The status of being a citizen of the United States, with associated rights, duties, and privileges such as voting and protection under U.S. law.

Birthright Citizenship

A legal right under which all children born in a country's territory receive nationality or citizenship of that country at birth, regardless of the citizenship status of their parents.

Property Qualifications

Historical criteria requiring individuals to own a certain amount of property or wealth to be eligible for voting or holding public office.

Free Blacks

were African Americans who were not enslaved and lived freely in the United States, especially before the Civil War, though they faced legal and social restrictions.