All of the following are arguments against free trade EXCEPT
A) the infant industry argument.
B) dumping.
C) comparative advantage.
D) the need to protect American jobs.

Question

Quizplus · Accepted Answer

Comparative advantage is actually an argument in favor of free trade, as it suggests that countries should specialize in producing goods where they have a lower opportunity cost, and then trade with other countries for goods where they have a higher opportunity cost. The other three options (infant industry argument, dumping, and the need to protect American jobs) are all arguments against free trade.

All of the Following Are Arguments Against Free Trade EXCEPT