Protectionists believe which of the following?

• A. Government intervention in trade is unnecessary.
• B. Restricting imports can help domestic industries grow and protect jobs.
• C. Tariffs and quotas have no impact on domestic markets.
• D. Free trade always benefits all countries equally.

Answer: (B)

Verified step by step guidance

1. Step 1: Understand the concept of protectionism in international trade. Protectionists advocate for government intervention to shield domestic industries from foreign competition.
2. Step 2: Recognize that protectionist policies often include tools like tariffs (taxes on imports) and quotas (limits on the quantity of imports) to restrict foreign goods.
3. Step 3: Analyze the belief that restricting imports can help domestic industries grow by reducing competition from abroad, which may also protect domestic jobs.
4. Step 4: Contrast this with the opposing views, such as free trade proponents who argue that trade barriers are unnecessary and that free trade benefits all countries.
5. Step 5: Conclude that the protectionist stance supports government intervention through import restrictions to support domestic economic interests, which aligns with the statement: 'Restricting imports can help domestic industries grow and protect jobs.'