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Billion of production subsidies

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A spokesman for U.S. rice producers concluded a plea for receiving $1.3 billion of production subsidies as follows: "Does America want and need a strong rice industry? Does it want to maintain the maximum number of jobs at a high wage standard? Does it believe in fair play in the competition for its own market? If so something has to be done! Foreign rice does not sell in the United States because they are better or tastier, but because they are produced at wages far below the legal minimum here."

  • Assuming this statement is true, does it justify protection? Explain!

Reference no: EM132396909

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