6. The reason protectionism remains strong in the United States is thatA) economists can produce any result they are hired to produce.B) economists cannot persuade the general public that free trade is beneficial.C) economists do not really understand how the real world works.D) the losses associated with protectionism are diffuse, making lobbying by the publicimpractical.E) economists cannot agree on trade policy recommendations.

Despite the benefits of free trade, there has been a recent increase in protectionism by some developed and developing economies. Discuss the possible reasons for this increase.

Which of the following statements are true of protectionism? There is more than one correct answer. Tick all correct answers.*2 pointsConsumers buy more domestic productsPrices of products and services are lowerThere is more international competitionDomestic prices of products and services are higherImport increases considerablyThe firms and workers who are protected can sell more of their goods in the home market

Which of the following statements about recent developments in trade and protectionism in the United States is true?Multiple ChoiceAlthough Donald Trump made protectionism a big part of his campaign, he has not taken any concrete protectionist actions with respect to trade.New protectionist measures in the United States have largely eliminated its trade deficit.Free-trade agreements with Panama, Colombia, and Korea passed with far more Republican than Democratic support in Congress.President Donald Trump withdrew the United States from NAFTA in 2017.Most U.S. presidents have leaned toward protectionism over free trade since World War II.

7. It is argued that special interest groups are likely to take over and promote protectionistpolicies, which may lead to a decrease in national economic welfare. This argument leads toA) a presumption that in practice a free trade policy is likely to be better than alternatives.B) a presumption that trade policy should be shifted to Non-Governmental Organizations, so asto limit taxpayer burden.C) a presumption that free trade is generally a second-best policy, to be avoided if feasiblealternatives are available.D) a presumption that free trade is the likely equilibrium solution if the government allowsspecial interest groups to dictate its trade policy.E) a presumption that protectionist policies will better serve a country as a whole than free tradepolicies.

What is protectionism?Group of answer choicesthe creation of alliances to ward off threats to a countryexcessive worry about attacks from other countriesthe use of conscious measures to shield domestic producers from importsthe use of free trade to improve the efficiency of domestic producer