The Recommendation of Early Economists Such as Smith and Ricardo

question 222

Multiple Choice

The recommendation of early economists such as Smith and Ricardo to the British government was to

• A)develop a policy that protects strategic domestic industry.
• B)use trade barriers only to protect agricultural industries.
• C)develop a policy to increase trade barriers.
• D)use trade barriers only to protect infant industries.
• E)develop a policy to reduce trade barriers.

---

Definitions:

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner.

Mental Challenge

A task or situation that requires cognitive effort and skill to overcome, often used to improve mental function or understand cognitive processes.

Risk Society

A concept describing modern societies as increasingly preoccupied with the future and also with safety, often addressing risks that are a consequence of technological development.

Technological Hazards

Hazards originating from technological or industrial accidents, infrastructure failures, or certain human activities that may cause harm to people and the environment.