All but One of the Following Statements Is Used to Justify

question 161

Multiple Choice

All but one of the following statements is used to justify protectionism.Which statement is not used to justify protectionism?

• A)Free trade leads to higher prices for imported goods.
• B)Free trade reduces employment by driving domestic firms out of business.
• C)A country should not rely on other countries for goods that are critical to its national defense.
• D)Trade restrictions are necessary to protect new firms until they can gain experience and become more productive.

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Definitions:

Natural Physical

Refers to phenomena or processes that occur in the natural world and involve physical properties.

Mental Reach

The extent of one's cognitive abilities to understand, conceive, and implement complex ideas and strategies.

Technology

The use of scientific insights for pragmatic objectives, particularly within the industrial sector.

Working Prototype

A preliminary version of a product that is functional enough to demonstrate its capabilities or to test key concepts.