19. Other arguments for protection hold that cheap foreign labor makes competition unfair; that some countries engage

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19. Other arguments for protection hold that cheap foreign labor makes competition unfair; that some countries engage in unfair trade practices; that free trade might harm the environment; and that protection safeguards the national security, discourages dependency, and shields infant industries. Despite these arguments, most economists favor free trade.

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Principles Of Microeconomics

ISBN: 9780691150093

13th Global Edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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