Asked by
melanie pitcher
on Nov 05, 2024
Verified
Protection makes the people of a country better off.
Protection
Measures taken by a government to safeguard its industries from overseas competition, often through tariffs, quotas, or other restrictions.
- Analyze the effects of protectionism on an economy, including temporary protection for infant industries.
- Understand the arguments for and against protectionism, including economic efficiency and consumer impact.
Verified Answer
AF
Learning Objectives
- Analyze the effects of protectionism on an economy, including temporary protection for infant industries.
- Understand the arguments for and against protectionism, including economic efficiency and consumer impact.