Which of the Following Arguments for Trade Protection Is Based

question 29

Multiple Choice

Which of the following arguments for trade protection is based on the premise that a nation should have a wide enough range of domestic industries to be self-sufficient if necessary?

• A)the increased domestic employment argument
• B)the cheap foreign labor argument
• C)the diversification-for-stability argument
• D)the infant industry argument

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Definitions:

Knowledge Base

A comprehensive collection of information, data, and facts used to support decision-making processes.

Pressure Points

Specific areas on the body sensitive to pressure, which when pressed can offer therapeutic relief or be utilized in combat to inflict pain or incapacitate.

Severe Headache

An intense pain in the head that can be a symptom of various conditions, necessitating medical attention if persistent.

Korean Family

A social unit in Korean culture that may emphasize strong familial bonds, respect for elders, and traditional values, reflecting both historical and contemporary aspects.