The Industrialization Argument for Trade Protection in Developing Countries Is

question 82

Multiple Choice

The industrialization argument for trade protection in developing countries is based on the assumption that ________.

• A) the protected industry will become competitive over time with economies of scale
• B) unemployment and underemployment exists in rural areas, so little agricultural output is lost as people move into industrial jobs
• C) subsidizing production is a better means of protection than limiting imports
• D) it is better to depend on buying agricultural surpluses from developed countries than to produce these agricultural goods

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Definitions:

Heights of Men

A statistical data point or measure that refers to the distribution and measurement of stature among the male population.

Standard Deviation

A criterion for determining the degree of variation or distribution range in a set of values.

Random Sample

A subset of a statistical population in which each member of the subset has an equal probability of being chosen.

Normal Population

A population with a distribution that follows a normal curve or Gaussian distribution, characterized by being symmetrical and bell-shaped.