Which of the Following Is a Partially Valid Economic Argument

question 14

Multiple Choice

Which of the following is a partially valid economic argument for restricting free trade?

• A) Restrictions on foreign trade will increase employment and permanently reduce unemployment.
• B) Removal of restrictions that have existed for years will initially cause inflation.
• C) Infant industries need permanent protection to develop and gain productive efficiency.
• D) A nation needs to protect industries that are vital to national defense in case of future international conflict.

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Definitions:

Proportional Gain

Proportional Gain is a parameter in PID control that determines the relationship between the magnitude of the error signal and the magnitude of the control variable.

On/Off Controller

A simple control mechanism that switches a device or system between two states: on and off.

Process Variable

A measurable quantity representing a condition essential to a process, such as temperature, pressure, or flow rate, monitored to control or optimize the process.

Control Element

A component used in control systems to modify or manage the control process, such as a valve or switch.