Category: World Current Affairs | Last updated: 2026-09-18

Arguments for protectionist trade policies often include which of the following justifications?

A) Increasing consumer choice and lowering prices for imported goods.
B) Protecting domestic 'infant industries' and safeguarding national security sectors.
C) Promoting global economic integration and interdependence.
D) Reducing government revenue from customs duties and import taxes.

Explanation

Protectionist arguments often cite the need to protect nascent domestic industries (infant industry argument) from foreign competition until they can mature, or to safeguard industries deemed critical for national security (e.g., defense, essential food production).

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