Which of the following is not an economic argument in favour of protection ?
The cheap-labour argument overlooks productivity and comparative costs. Low wages alone do not establish that foreign producers have an unfair advantage warranting protection.
Choose your answer
Which of the following is not an economic argument in favour of protection ?
Answer and explanation
Correct answer C
The cheap-labour argument overlooks productivity and comparative costs. Low wages alone do not establish that foreign producers have an unfair advantage warranting protection.
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RPSC School Lecturer (School Education)