Arguments Made Against Free Trade Include All of the Following

question 90

Multiple Choice

Arguments made against free trade include all of the following except

• A) national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not.
• B) infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older,more established foreign industries.
• C) dumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against.
• D) free trade is inflationary and should be restricted in the domestic interest.
• E) if foreign governments subsidize their exports,foreign firms that export are given an unfair advantage that domestic producers should be protected against.

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Definitions:

Controversy

A public disagreement or debate, often marked by strong differences of opinion and divided viewpoints.

Dialogue

Dialogue is a form of conversation where two or more parties respectfully exchange ideas or opinions, aiming for mutual understanding and learning.

Behaviors

Actions or reactions of an individual in response to external or internal stimuli.

Skills

Refers to the abilities or expertise one has, which are developed through practice and experience, to perform a particular task effectively.