Japan's Protection of Its Semiconductor (RAM) Producers Is Today Seen

question 39

Multiple Choice

Japan's protection of its semiconductor (RAM) producers is today seen as an object lesson in

• A) how strategic planning may backfire and cause a large waste of resources.
• B) how externalities may be successfully exploited by protectionist policies.
• C) how excess returns may be successfully exploited by protectionist policies.
• D) how government intervention may create a meaningful comparative advantage.
• E) how monopolies can outlast government intervention.

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Definitions:

Congenital Impairments

Physical or cognitive disabilities present at birth, which can result from genetic factors, pregnancy complications, or infections during pregnancy.

Inherited

A trait or property passed down from one generation to another through genetic transmission or legal succession.

Identity Politics

A political approach and analytical framework that considers the interests and perspectives of groups identified or marginalized based on societal categories like race, gender, sexuality, etc.

Ethical Theories

A branch of philosophy that entails the systematic examination of how we ought to act and what values we should cherish.