Which of the Following Statements Would Be Supported by Most

Multiple Choice

Which of the following statements would be supported by most economists?

A) A good argument for protection against foreign competition is that it costs UK workers their jobs.
B) UK industries need to be protected from foreign competition because wages in Asian countries are lower than wages in the UK.
C) Trade protection may be necessary when a country's currency is overvalued and therefore buys more foreign currency than it should.
D) New industries should receive protection from foreign competition because new industries need time to develop a comparative advantage.