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https://quizlet.com/87654046/econ-ch-19-review-flash-cards/
-All of the following are arguments in support of protectionist legislation except: Question 11 options: supporting infant industries. preserving domestic employment. increasing global trade. promoting national security.
https://quizlet.com/82569645/econ-set-3-flash-cards/
Assume that in Canada the opportunity cost of producing one television set is 2 bushels of wheat. Assume that in the US the opportunity cost of producing 1 bushel of wheat is two television sets. The WTO and the GATT are International efforts to reduce trade barriers and encourage free-trade.
https://www.tutor2u.net/business/reference/arguments-in-favour-of-protectionism
The main arguments supporting protectionism are outlined below. Infant or Fledging industry Argument. Certain industries have a possible comparative advantage but have not yet exploited sufficient economies of scale to bring their unit costs down to competitive levels.
https://www.tutor2u.net/economics/reference/arguments-against-protectionism
Arguments against protectionism Economic Nationalism Economic nationalism describes policies to protect domestic consumption, jobs and investment using tariffs and other barriers to the movement of labour, goods and capital
https://opentextbc.ca/principlesofeconomics/chapter/34-3-arguments-in-support-of-restricting-imports/
There are a number of arguments that support restricting imports. These arguments are based around industry and competition, environmental concerns, and issues of safety and security. The infant industry argument for protectionism is that small domestic industries need to be temporarily nurtured and protected from foreign competition for a time so that they can grow into strong competitors.
https://www.coursehero.com/file/p1sjt2s/All-of-the-following-are-arguments-in-support-of-protectionist-legislation/
All of the following are arguments in support of protectionist legislation except: A. supporting infant industries. B. preserving domestic employment. C. increasing global trade. D. promoting national security. Protectionist legislation reduces imports and thereby reduces global trade.
https://www.coursehero.com/file/p445qnb/21-All-of-the-following-are-arguments-in-support-of-protectionist-legislation/
_____ 21. All of the following are arguments in support of protectionist legislation EXCEPT _____. A. supporting domestic industries B. preserving domestic employment C. increasing global trade D. promoting national security _____ 22. Suppose Jim and Tom can both produce baseball bats.
https://en.wikipedia.org/wiki/Protectionism_in_the_United_States
Protectionism in the United States is protectionist economic policy that erected tariff and other barriers to trade with other nations. This policy was most prevalent in the 19th century. It attempted to restrain imports to protect Northern industries. It was opposed by Southern states that wanted free trade to expand cotton and other agricultural exports. Protectionist measures included tariffs and quotas …
https://answers.yahoo.com/question/index?qid=20081205123218AArJ5CR
Dec 05, 2008 · 15.All of the following are arguments in support of protectionist legislation except: a. supporting infant industries. b. preserving domestic employment. c. increasing global trade. d. promoting national security. 16.One reason trade restrictions exist is that: a. workers can be easily shifted from one industry to another.
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