Asked by
Austin Busold
on Oct 25, 2024Verified
The job creation argument for protection against free trade is:
A) that keeping out foreign imports allows the goods and services to be produced by domestic workers.
B) frequently put forward by economists.
C) mostly that we need full employment to defend the security of the nation.
D) that we need full employment to prevent currency depreciation.
Free Trade
An economic policy that allows goods and services to be bought and sold across international borders with little or no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange.
Job Creation
The process by which new employment opportunities are generated, often considered a key indicator of economic health.
Protection
An alternative term for trade protection; policies that limit imports.
- Understand the basic arguments for and against protectionism in international trade.
Verified Answer
TM
Learning Objectives
- Understand the basic arguments for and against protectionism in international trade.