Arguments Made Against Free Trade Include All of the Following

question 90

Multiple Choice

Arguments made against free trade include all of the following except

• A) national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not.
• B) infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older,more established foreign industries.
• C) dumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against.
• D) free trade is inflationary and should be restricted in the domestic interest.
• E) if foreign governments subsidize their exports,foreign firms that export are given an unfair advantage that domestic producers should be protected against.

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Definitions:

Perceptual Properties

Attributes of objects that are perceived through the senses, such as color, shape, texture, and size.

Concept

A mental representation or idea of objects, events, or relations, which underpins human knowledge and understanding.

Exemplar View

The exemplar view is a theory of categorization positing that categories are represented by actual category members rather than by an abstract prototype.

Prototype

A standard or typical example that embodies the most common features of a particular category or concept.