Japan's Protection of Its Semiconductor (RAM)producers Is Today Seen as an Object

question 24

Multiple Choice

Japan's protection of its semiconductor (RAM) producers is today seen as an object lesson in

• A)how monopolies can outlast government intervention.
• B)how strategic planning may backfire and cause a large waste of resources.
• C)how externalities may be successfully exploited by protectionist policies.
• D)how government intervention may create a meaningful comparative advantage.
• E)how excess returns may be successfully exploited by protectionist policies.

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Definitions:

Reality Principle

The concept in psychoanalytic theory that the mind functions to perceive and adapt to the external world, balancing the demands of the id and the superego.

Ego

In psychoanalytic theory, the part of the mind that mediates between the conscious and the unconscious, responsible for reality testing and a sense of personal identity.

Id's Desires

Refers to the component of Sigmund Freud's personality theory containing the primitive and instinctive behaviors and urges.

Defense Mechanism

Unconscious psychological mechanisms that reduce anxiety arising from unacceptable or potentially harmful stimuli.