Which of the Following Statements Reflects the Belief of the Critics

question 103

Multiple Choice

Which of the following statements reflects the belief of the critics of industrial policy?

• A)The government allocates scarce resources more efficiently than markets.
• B)Industrial policy could evolve into a government giveaway program.
• C)Industrial policy gives domestic industries a competitive advantage over important trading partners.
• D)Industrial policy encourages unfavorable terms of trade with foreign countries.
• E)Industrial policy overprotects the domestic producers.

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Definitions:

Discriminated Against

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Foraging Communities

Societies that rely on hunting, fishing, and gathering wild food sources for their subsistence instead of practicing agriculture or animal husbandry.

Trauma Response Team

A group of professionals trained to provide psychological and emotional support immediately after a traumatic event, aiming to minimize the impact of the trauma.

Large-Scale Medical Emergencies

Significant health crises affecting a large population or geographic area, requiring extensive medical intervention and resources.