Which of the Following Is a Partially Valid Economic Argument

question 14

Multiple Choice

Which of the following is a partially valid economic argument for restricting free trade?

• A) Restrictions on foreign trade will increase employment and permanently reduce unemployment.
• B) Removal of restrictions that have existed for years will initially cause inflation.
• C) Infant industries need permanent protection to develop and gain productive efficiency.
• D) A nation needs to protect industries that are vital to national defense in case of future international conflict.

---

Definitions:

Deteriorating

Experiencing a decline in quality, condition, or vitality over time.

Schools Of Thought

Various philosophies or methods of thinking within a particular field or issue.

Family

A social unit comprising individuals related by blood, marriage, or adoption, often forming a household and involved in mutual care and responsibilities.

Disappearing

The act of vanishing or becoming invisible or nonexistent.