Which of the Following Is a Partially Valid Economic Argument

question 65

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) Infant industries may need temporary protection to develop and gain productive efficiency.
• C) A nation needs to protect its national defense; hence, it should restrict some products that threaten an industry considered vital to its defense.
• D) Both b and c are correct.

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Definitions:

Supply Chain

The entire process of making and selling commercial goods, including raw materials sourcing, manufacturing, distribution, and sales.

Small Players

Companies or entities that have a minor share in a market or industry, typically characterized by smaller teams, budgets, or influence.

Response Time

The duration between when a request is made and when the response is received.

Facilities

Physical locations like factories, warehouses, and distribution centers involved in the production, storage, and distribution of goods in a supply chain.