Which of these statements is true! The opportunity cost of using protectionism to save jobs in...
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Which of these statements is true! The opportunity cost of using protectionism to save jobs in one industry is often lost jobs in other industries. Saving a job through protectionism often costs more than the worker's salary. Saving jobs through protectionism means a loss of efficiency because the economy no longer specializes in its comparative advantage. All of the above are true. Which of these statements is true! The opportunity cost of using protectionism to save jobs in one industry is often lost jobs in other industries. Saving a job through protectionism often costs more than the worker's salary. Saving jobs through protectionism means a loss of efficiency because the economy no longer specializes in its comparative advantage. All of the above are true.
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