Asked by Kristen Salcedo on Jun 15, 2024

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Which is not a commonly heard argument for protectionism?

A) A strong national defense requires that some military products be produced domestically.
B) Infant industries need short-term protection from foreign competition in order to grow.
C) Specialization along the lines of comparative advantage can lead to some economic instability in a nation.
D) When other nations' economies grow, they typically import fewer goods and services.

Comparative Advantage

An economic theory that describes how entities can gain and benefit from trade if they produce goods and services at a lower opportunity cost than their trade partners.

National Defense

Governmental and military activities aimed at protecting the country and its citizens from external threats and maintaining territorial integrity.

Infant Industries

New or emerging industries in their early stages that may be protected by the government through subsidies or tariffs to help them grow.

  • Study the development and current implementation of tariffs, quotas, and different protectionist methods, and their influence on the international trading landscape.
  • Appraise the economic grounds advocating for and disputing protectionism, including the rationale for infant industry protection and domestic job retention.
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1J
16jtarver@somervilleschools.org Jtarver3Jun 16, 2024
Final Answer :
D
Explanation :
Option D is not a commonly heard argument for protectionism. The other three options are often used to justify protectionist policies. Option A argues that certain industries should be protected in the interest of national defense. Option B suggests that young industries need protection from foreign competition to become self-sufficient before facing international competition. Option C argues that relying too much on comparative advantage can lead to an unstable economy.