Which of the following is not an argument in favor of protectionism?

Protectionism safeguards workers’ jobs.

Protectionism promotes industries that are essential to national security.

Protectionism fosters competition and keeps prices regulated.

Protectionism shields infant industries from competition.

1 answer

The statement that is not an argument in favor of protectionism is:

Protectionism fosters competition and keeps prices regulated.

Typically, protectionism involves imposing tariffs or other barriers that can reduce competition by limiting foreign goods in the market, which can lead to higher prices rather than regulated ones. The other statements are common arguments supporting protectionist policies.