Which of the following is not an argument for protectionism ?
Correct answer: B. To increase the level of imports
- A. To protect infant industries
- B. To increase the level of imports
- C. To Protect strategic industries
- D. To improve the balance of payments
Explanation
Protectionism restricts imports through tariffs or other barriers, so increasing imports is not a justification for it. Infant-industry protection, strategic industries and balance-of-payments aims are commonly cited arguments.
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