hoopesj1742 hoopesj1742

10-06-2021
Business

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"Block Imports—Save Jobs for Some Americans, Lose a Roughly Equal Number of Jobs for Other Americans, and Also Pay High Prices." Discuss this statement within the context of protectionism.

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Nyctalus Nyctalus

12-06-2021

Answer:

In simple words, protectionism refers to the tendency and mind set of individuals believing that imports and outsourcing of business are a threat to domestic industries and brings unemployment to the industry.

This statement is also one of them. However the reality is import and export accelerates employment as it increase demand due to lower prices of product.

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