Question

Classify each consequence of protectionism as a benefit or drawback

Growth of new industries
Domestic job production
poor-er quality jobs
can encourage other countries to impose trade regulations
decreased GPD
Inefficiency in companies

Answer 1

Benefits job protection:

• domestic job protection

• growth of new industries

Drawback of trade regulation:

• inefficiency in companies

• can encourage countries to impose trade regulations in return

• poorer-quality products

• decreased GDP

Explanation:

WAS RIGHT ON EDMENTUM

Answer 2

Benefits:
domestic job protection
growth of new industries

Drawbacks:
poorer-quality products
can encourage countries to impose trade regulations in return
inefficiency in companies
decreased GDP