Which of the Following Is the Most Accurate Statement

question 503

Multiple Choice

Which of the following is the most accurate statement?

• A)The one argument for restricting trade that almost all economists accept as valid is the infant-industry argument.
• B)Almost all economists insist that it is never appropriate to protect "key" industries, even when there are legitimate concerns about national security.
• C)The idea that one nation might want to threaten another nation with a trade restriction is associated with the protection-as-a-bargaining-chip argument for restricting trade.
• D)The protection-as-a-bargaining-chip argument for restricting trade is also known as the infant-industry argument.

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Definitions:

Anti-war Sentiments

Feelings or attitudes of opposition towards military conflicts and war, often arising from ethical, moral, or pragmatic considerations.

Bonus Army

The group of World War I veterans who marched on Washington, D.C., in 1932 to demand early payment of a promised bonus for their service.

Mexican Americans

Americans of full or partial Mexican descent, constituting one of the largest Hispanic groups in the United States and contributing significantly to its cultural and social fabric.

New Deal Era

A period in the United States during the 1930s when President Franklin D. Roosevelt's administration implemented a series of programs and policies aimed at recovering from the Great Depression.