Economics (AS & A Level) · May / June 2025 · Paper 13 · Question 26

Which argument in favour of protectionism is not generally regarded as economically valid?

1. AOnce the protected industry becomes established, it will produce efficiently.
2. BIt prevents heavily subsidised imports from competing unfairly against domestic goods.
3. CIt provides time for the protected industry's workers to be retrained for other work.
4. DIt increases the standard of living of the population in general.

As printed in the paper