Arguments that protection saves jobs, allows us to compete with cheap foreign labor, makes the economy diversified

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Arguments that protection saves jobs, allows us to compete with cheap foreign labor, makes the economy diversified and stable, and is needed to penalize lax environmental standards are flawed.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Nov 11, 2024 02:00 AM

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Arguments that protection saves jobs, allows us to compete with cheap foreign labor, makes the economy diversified and stable, and is needed to penalize lax environmental standards are flawed.
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Arguments that protection saves jobs, allows us to compete with cheap foreign labor, makes the economy diversified and stable, and is needed to penalize lax environmental standards are flawed.
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The arguments that protection is necessary for national security, for infant industries, and to prevent dumping are weak.
Trade is restricted because protection brings small losses to a large number of people and large gains to a small number of people.
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Arguments that protection saves jobs, allows us to compete with cheap foreign labor, makes the economy diversified

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Foundations Of Microeconomics

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