What is considered a disadvantage of U.S. protectionism?

A key disadvantage of U.S. protectionism is that it often results in fewer choices and higher prices for consumers. When the government imposes tariffs and quotas to protect domestic industries from foreign competition, it limits the number of imports that can enter the market. As a result, consumers may find that there are fewer brands and products available to them.

Additionally, when foreign goods are restricted, the competition that typically helps to drive prices down is reduced. Domestic producers may not feel the same pressure to keep prices affordable since they face less competition. Consequently, prices for many goods can rise, leading to a higher cost of living for consumers. This dynamic is particularly evident in industries where domestic production is more expensive than foreign production, resulting in a direct financial impact on those who purchase these goods.

In contrast, the other options highlight potential benefits of protectionism, such as increased competition or job creation, which are not seen as disadvantages. The focus here is on the consumer's experience in a protected market, making fewer choices and higher prices a significant concern.