The Key Industries Argument for Trade Restrictions Relies on the Notion

question 154

Multiple Choice

The key industries argument for trade restrictions relies on the notion that:

• A) economies of scale are easier to achieve in exporting industries.
• B) products with inelastic supply are the major source for job creation.
• C) some industries deserve protection because they provide positive spillover effects to the rest of the economy.
• D) war may disrupt trade flows.

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Definitions:

Electric Shocks

Sudden discharges of electricity through a part of the body, often used for experimental, therapeutic, or punitive purposes.

Learned Helplessness

A condition in which a person or animal learns to behave helplessly, failing to respond even though there are opportunities for them to help themselves by avoiding unpleasant situations or by gaining positive rewards.

Internal Locus

The belief that one's actions are primarily controlled by personal decisions and efforts rather than external factors.

Type A Personality

A temperament characterized by excessive ambition, aggression, competitiveness, drive, impatience, need for control, focus on quantity over quality and unrealistic sense of urgency.