Arguments in favor of protectionism include that it
A)helps reduce tariffs and quotas.
B)promotes development of domestic industries.
C)encourages economic reliance on foreign countries.
D)creates opportunities for the outsourcing of domestic jobs.
E)creates a more favorable environment for a global economy.

Question

Quizplus · Accepted Answer

Protectionism is the practice of shielding one or more industries within a country's economy from foreign competition through the use of tariffs or quotas.The argument for protectionism is that it limits the outsourcing of jobs,protects a nation's political security,discourages economic dependency on other countries,and promotes development of domestic industries.

Arguments in Favor of Protectionism Include That It