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Protection saves jobs in the industry it covers. In the industries it does not cover, it tends to:
ALower prices
BCost jobs
CCreate jobs
DRaise exports
Answer & Solution
Correct answer: B. Cost jobs
1. The saved jobs are visible.
2. The losses are spread elsewhere.
3. It costs jobs in unprotected industries.
_Source: OpenStax Principles of Economics 3e, Chapter 34, Globalization and Protectionism._
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