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:

Structural

Related to or involving the physical makeup or configuration of something, often referring to buildings, bridges, or other edifices.

Social Capital

The interconnectedness of people within a specific community, enabling the community to work effectively.

Day Care Center

A facility that provides care and education for children too young for primary school, often while their parents are at work.

Social Capital

The networks, relationships, and norms that facilitate collective action and cooperation within a community.