International trade is the subject of much debate. Many economists favor encouraging international trade, sighting the gains from trade. However, there are economic arguments for limiting international trade through protectionism. Classify each statement below in the appropriate category. 1. Worries about domestic labor markets.
2. The potential of other governments subsidizing their firms and allowing these firms the ability to charge lower prices than domestic firms.
3. The infant industry argument.
4. The ability of a nation to consume more than could be produced on their own
5. Changes in productivity related to comparative advantage.
6. The national defense argument. about us careers prvacy policy tes of use contact us hep
a. Arguments for limiting international trade with protectionism
b. Arguments for promoting international trade