The "Unfair-Competition" Argument Might Be Cited by an American Who

question 208

Multiple Choice

The "unfair-competition" argument might be cited by an American who believes that

• A)almost every country has a comparative advantage, relative to the United States, in producing almost all goods.
• B)young industries should be protected against foreign competition until they become profitable.
• C)the American automobile industry should be protected against Japanese firms that are able to produce automobiles at relatively low cost.
• D)the French government's subsidies to French farmers justify restrictions on American imports of French agricultural products.

---

Definitions:

Five-Dollar Bill

A banknote valued at five units of currency, typically issued by national governments.

Encoding Failure

A situation in which information does not enter the brain's long-term memory and is thus forgotten.

Sensory Memory

The shortest-term element of memory that allows individuals to retain impressions of sensory information after the original stimuli have ended.

Storage

The act of maintaining and holding information in the brain for future retrieval.