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Austin Busold
on Oct 25, 2024

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The job creation argument for protection against free trade is:

A) that keeping out foreign imports allows the goods and services to be produced by domestic workers.
B) frequently put forward by economists.
C) mostly that we need full employment to defend the security of the nation.
D) that we need full employment to prevent currency depreciation.

Free Trade

An economic policy that allows goods and services to be bought and sold across international borders with little or no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange.

Job Creation

The process by which new employment opportunities are generated, often considered a key indicator of economic health.

Protection

An alternative term for trade protection; policies that limit imports.

  • Understand the basic arguments for and against protectionism in international trade.
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Titianna McGrewOct 26, 2024
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