Rishi, a Protectionist, Has Seen Several Small Businesses Go Bankrupt

question 97

Multiple Choice

Rishi, a protectionist, has seen several small businesses go bankrupt because they were unable to compete with the cheaper prices of goods provided by foreign companies. The cell-phone manufacturing industry has just started in the United Kingdom, and Rishi's company is one of the first to try its hand at cell-phone manufacturing. What argument is most likely to be used by Rishi to persuade his government to restrict the import of foreign cell phones from foreign companies?

• A) protection of an infant industry
• B) the need to keep money at home
• C) conservation of natural resources
• D) national defense
• E) maintenance of standard of living

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