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:

Discounted

The process of determining the present value of a payment or a series of payments made in the future, using a specific discount rate.

9%

Typically refers to a specific interest rate or percentage in financial contexts, such as a loan interest rate or investment return rate.

Annual Rate

The interest rate for a period of one year, often used to compare the yield of financial products or loans.

Retirement

The act of leaving one's job and ceasing to work, typically upon reaching a certain age, with various financial implications for pensions and savings.