Which of the Following Is TRUE About National Industrial Policy

question 20

Multiple Choice

Which of the following is TRUE about national industrial policy?

• A) It is designed to create monetary and fiscal policies, such as low-interest loans, that provide a stable supply of capital for company investment needs.
• B) It explains why nations attempt to run a trade surplus.
• C) It demonstrates that what matters is not the absolute cost of production, but rather the relative efficiency with which two countries can produce the products.
• D) It underlines the demerits of rigorous educational systems at the precollege level.

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Definitions:

Sockeye Salmon

A species of salmon found in the North Pacific Ocean, highly valued for its meat.

Market Price

The current price at which a good or service can be bought or sold in a given market.

ITQs

Individual Transferable Quotas, a fishery management tool that allocates a certain amount of a fish stock or species to individuals or companies.

Sockeye Salmon

A species of salmon found in the Pacific Ocean that is known for its bright red flesh and is a popular choice for seafood lovers.