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:

Potential Juror

An individual who is part of a pool from which a jury will be selected, potentially serving in a trial to help reach a verdict.

Bias

A tendency to lean in a certain direction, often to the detriment of an open-minded perspective, usually influenced by preconceptions or personal experiences.

Forum Selection Clause

A contractual provision that designates the jurisdiction or the court where any disputes arising under the contract will be resolved.

Contracts

Legally binding agreements between two or more parties that outline terms and conditions under which specified actions are to be completed.