Economists Might Agree with Which Argument for Protectionism

question 153

Multiple Choice

Economists might agree with which argument for protectionism?

• A) necessary to compete with cheap foreign labour
• B) saving Canadian jobs
• C) protecting cultural identity
• D) reducing the risk of trade retaliation
• E) none of the above.

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Definitions:

Subjective Evidence

Information or proof based on personal feelings, opinions, or tastes, rather than concrete facts.

Acquiesce

The reluctant acceptance or agreement without protest, often implicitly.

Peerless

Unique and having no equal; often used in legal contexts to describe something that has no identical counterpart.

Breach Of Contract

A violation of any of the agreed-upon terms and conditions of a binding contract.