Answered

Which of the following is an
example of a drawback of
protectionism?
A. protecting domestic employment
B. deadweight losses
C. protecting infant industries
D. avoiding reliance on imported goods

Verified Answer :

GinnyAnswer

Final answer:

Deadweight losses are a drawback of protectionism as they result from market inefficiencies caused by trade restrictions.


Explanation:

Deadweight losses are an example of a drawback of protectionism. These losses occur due to inefficiencies in the market caused by artificially restricting trade through protective measures like tariffs or quotas. By imposing barriers to imports, protectionism can lead to deadweight losses, reducing overall economic welfare.


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