Which of the Following Is an Argument That Is Used

question 43

Multiple Choice

Which of the following is an argument that is used for protection from free trade?
i. The national security argument.
ii. The infant-industry argument.
iii. The dumping argument.

• A) i only
• B) ii only
• C) iii only
• D) i and iii
• E) i, ii and iii

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Definitions:

Common Law Language

The language used in common law jurisdictions, based on judicial decisions and customs, as opposed to statutes.

Implied Warranty

An unwritten guarantee that a product will meet a minimum level of quality and functionality.

Merchantability

A warranty that goods sold will be of average quality, fit for the general purpose for which they are sold.

Implied Warranty

A legal term for assurances that are not explicitly stated but are assumed in the sale of goods or services, ensuring certain minimum standards.