A Possible Drawback to the Essential Industry Argument for Import

question 70

Multiple Choice

A possible drawback to the essential industry argument for import protectionism is ________.

• A)that such protection hurts the protecting country's balance of payments
• B)in times of military emergency, almost any product could be considered essential
• C)other countries find supplies elsewhere
• D)unemployment increases in the protecting country

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Definitions:

Behavioral Approaches

Psychological methods that focus on modifying observable and measurable behaviors through various techniques like reinforcement and conditioning.

Psychoactive Drug

A chemical substance that affects the brain, altering mood, perception, or behavior, and often used for recreational or therapeutic purposes.

Dependence Potential

The likelihood or risk that the use of a substance will lead to addiction, characterized by a compulsive need to continue use despite harmful consequences.

NIAAA's Recommended

Guidelines or advice offered by the National Institute on Alcohol Abuse and Alcoholism related to alcohol consumption and its effects.