A-LevelEconomicsInternational economic issues9708/12 · Feb/Mar 2018 · Q271 Mark
Which argument in favour of protectionism is not generally regarded as economically valid?
AIt increases the standard of living of the population in general.
BIt prevents heavily-subsidised imports from competing unfairly against domestic goods.
CIt provides time for the protected industry's workers to be retrained for other work.
DOnce the protected industry becomes established, it will produce efficiently.
✓ Correct answer
A: It increases the standard of living of the population in general.
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