There Has Always Been a Strong Reaction in the United

question 71

Multiple Choice

There has always been a strong reaction in the United States to any form of industrial policy because:

• A)It reduces the market's efficiency.
• B)It conflicts with the widely held view of goverrnnent's role in the economy.
• C)Existing attempts to form industrial policies have generally been irrational and uncoordinated.
• D)Industrial policies violate anti-trust legislation.

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Definitions:

Goals

Targets or outcomes that an individual or organization aims to achieve through certain actions.

Reconceptualize

The process of redefining or reassessing an existing concept or idea, often in light of new evidence or perspectives.

Carrying Out

The act of executing or implementing a plan, decision, or instruction.

Action Identification Theory

The theory that explains how people conceive of action—their own or others’—in ways that range from very concrete to very abstract.