Define three policy tools for enacting protectionism

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1. Who does protectionism protect? What does it protect them from?

2. Name and define three policy tools for enacting protectionism.

3. Does international trade, taken as a whole, increase the total number of jobs, decrease the total number of jobs, or leave the total number of jobs about the same?

4. How is international trade, taken as a whole, likely to affect the average level of wages?

5. What are main reasons for protecting “infant industries”? Why is it difficult to stop protecting them?

Reference no: EM131637641

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