Several arguments for restricting trade have been advanced.Those arguments do not include
A)the jobs argument.
B)the protection-as-a-bargaining-chip argument.
C)the no-deadweight-loss argument.
D)the infant-industry argument.

Question

Quizplus · Accepted Answer

The other three arguments (jobs, protection-as-a-bargaining-chip, and infant-industry) have been used to justify trade restrictions in certain circumstances. The no-deadweight-loss argument, however, is not a commonly cited reason for restricting trade. Deadweight loss refers to the reduction in economic efficiency that can occur when the market fails to allocate resources in the most desirable way. In general, free trade is seen as a way to minimize deadweight loss by allowing market forces to determine the most efficient allocation of resources.

Several Arguments for Restricting Trade Have Been Advanced