According to Most Economists, Which of the Following Is a Valid

question 101

Multiple Choice

According to most economists, which of the following is a valid reason for protecting an industry?

• A) Protection keeps richer nations from exploiting the workers of poorer countries.
• B) The industry is unable to compete with low- wage foreign competitors.
• C) Protection penalises lax environmental standards.
• D) None of the above reasons is a valid reason for protection.

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Definitions:

Communication Cycle

The process involving a series of steps by which a message is sent from one individual, processed by another, and potentially feedback is given, ensuring mutual understanding.

Decoding

The process of understanding a message; the receiver interprets the message and translates it into meaningful information.

Ideation

The creative process of generating, developing, and communicating new ideas, whether abstract or concrete.

Business Travel

The act of traveling for work or professional purposes, often involving trips to different cities or countries to attend meetings, conferences, or conduct business operations.