Question

List five arguments that are commonly used to support the protectionist argument

Answer 1

1. National security.
2. Counteracting dumping and foreign subsidies.
3. The infant industry argument.
4. Protecting domestic jobs.
5. Improving the trade deficit

Answer 2

Below is the list of five arguments which are most commonly used in order to support the protectionists.

1. Argument to protect infant industries until it attains maturity.

2. Argument to counteract foreign product dumping.

3. Argument that impose security of the nation.

4. Argument that saves the domestic jobs from foreign competition.

5. Argument that improves the trade deficit by reducing the import activity.