Which of the following is an argument for restricting trade
A)Trade restrictions make all Canadians better off.
B)Trade restrictions increase economic efficiency.
C)Trade restrictions are necessary for economic growth.
D)Trade restrictions are necessary to protect infant industries.

Question

Quizplus · Accepted Answer

Trade restrictions are argued to be necessary to protect infant industries, as they may be unable to compete with established industries from other countries without some protection. This argument suggests that restricting trade can be beneficial in the short term to allow for the development and growth of domestic industries.

Which of the Following Is an Argument for Restricting Trade