Which of the Following Is Not an Argument in Favor

question 67

Multiple Choice

Which of the following is not an argument in favor of protecting domestic industries from foreign competition?

• A) National security
• B) Reducing structural unemployment
• C) Protection against subsidized foreign producers
• D) Making domestic firms more efficient

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Definitions:

Capital Stock

The total amount of physical goods that are used for production of other goods and services.

Economy

The large set of inter-related production, consumption, and exchange activities that aid in determining how scarce resources are allocated.

Increase

An upward change or growth in a quantity or value.

Inflation

A measure of the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.