"The nation needs to prevent foreign nations from selling their excess goods in our nation at a price below cost so we can save American firms." This quotation would be most closely associated with which protectionist argument?

A) increase domestic employment
B) protection against dumping
C) strategic trade policy
D) cheap foreign labor

Protectionist Argument

The rationale for implementing trade barriers, such as tariffs and quotas, to protect domestic industries from foreign competition.

Dumping

Selling goods in a foreign market at a price below the cost of production or below the price in the home market, often to gain market share.

American Firms

Companies that are based in the United States and subject to U.S. laws and economic policies.