Protectionist tariffs and quotas are the only way that a government, through writing economic policy, can preserve domestic employment.

Question

Quizplus · Accepted Answer

Protectionist tariffs and quotas may preserve domestic employment in certain industries, but they also create inefficiencies in the economy, cause harm to consumers by raising prices, and can lead to retaliation from other countries through their own protectionist measures. There are other ways for a government to support domestic employment, such as investing in education and training programs, promoting entrepreneurship, and creating a favorable business environment.

Protectionist Tariffs and Quotas Are the Only Way That a Government