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Question: Economists sometimes say that protectionism is the "second-best" choice for dealing with any particular problem. What they mean is that there is often a policy choice that is more direct or effective for dealing with the problem-a choice that would still allow the benefits of trade to occur. Explain why protectionism is a "second-best" choice for:

a. helping workers as a group

b. helping industries stay strong

c. protecting the environment

d. advancing national defense

Microeconomics, Economics

  • Category:- Microeconomics
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