State 3 arguments in favor of protectionism (in favor of trade restrictions). Please state your own opinion about the validity of each one and whether you support such argument.

See explanation

Explanation:

Protectionism refers to the restriction of international trade by the government in order to help the domestic industries. The argument in favor of protectionism include:

• Protection of infant industries: Protectionism protects infant industries as they're protected from being subjected to unfair competition and therefore allowed to thrive.

• To prevent dumping and unfair competition

• Revenue generation for government: Through the imposition of tariffs and other policies by the government to protect domestic industries, the government also generates revenue which can be used to improve the economy.

I believe the arguments are valid and I support them.