Which Is Not a Commonly Heard Argument for Protectionism

question 175

Multiple Choice

Which is not a commonly heard argument for protectionism?

• A) A strong national defense requires that some military products be produced domestically.
• B) Infant industries need short-term protection from foreign competition in order to grow.
• C) Specialization along the lines of comparative advantage can lead to some economic instability in a nation.
• D) When other nations' economies grow, they typically import fewer goods and services.

---

Definitions:

Strategic Plan

A long-term, overarching plan of action designed to achieve major goals and objectives within an organization.

Performance Goals

Specific, measurable targets set by an individual or team to achieve desired outcomes within a certain timeframe.

Strategic Intent

Strategic Intent refers to a company's ambitious and focused determination to achieve competitive advantage and operational goals, guiding its strategy and actions.

Competitive Positions

The standing of a company in relation to its competitors in the industry, determined by factors such as market share, product quality, and brand strength.