Protectionism Is Usually Justified on the Basis of One of Four

question 2

Essay

Protectionism is usually justified on the basis of one of four arguments.What are those four arguments?

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Definitions:

Percent

A mathematical term that represents a number as a fraction of 100.

Cent

A unit of currency used in several nations, equivalent to 1/100th of a dollar, euro, or similar decimal-based currency.

Significant Figures

The digits of a number that are meaningful in terms of accuracy or precision, important in scientific and mathematical calculations.

Percent

A part or other object per hundred, used in mathematics to describe how one quantity relates to another in terms of proportion or fraction.