Arguments Made Against Free Trade Include All of the Following

question 90

Multiple Choice

Arguments made against free trade include all of the following except

• A) national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not.
• B) infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older,more established foreign industries.
• C) dumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against.
• D) free trade is inflationary and should be restricted in the domestic interest.
• E) if foreign governments subsidize their exports,foreign firms that export are given an unfair advantage that domestic producers should be protected against.

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Definitions:

Public Support

The backing or endorsement from the general population for a person, policy, or initiative.

Escalation

A process by which conflicts or situations become more severe or intense over time, often leading to further conflicts or crises.

Pentagon Papers

A classified government document leaked in 1971 detailing the United States' political-military involvement in Vietnam from 1945 to 1967.

Daniel Ellsberg

A former United States military analyst who, in the 1970s, released the Pentagon Papers, a top-secret Department of Defense study of U.S. political and military involvement in Vietnam.