franklin1103 franklin1103

16-12-2021
Business

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what problem does a country face when they use trade protectionism to increase international competition domestic indusrty

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amelialindsay amelialindsay

16-12-2021

Answer:

The main effect of protectionism is a decline in trade, higher prices for some goods, and a form of subsidy for protected industries. Some jobs in these industries may be saved, but jobs in other industries are likely to be lost

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