An Argument Supporting Tariff or Quota Protection for an Industry

question 34

Multiple Choice

An argument supporting tariff or quota protection for an industry is that such protection

• A) is necessary to lower domestic rates of inflation by reducing spending.
• B) enables a nation to have both the goods and the money.
• C) keeps foreigners from benefiting at our expense.
• D) helps to equalize production costs between nations to the benefit of all countries.
• E) can promote industrial diversification and prevent the nation from becoming too dependent on a few industries.

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Definitions:

True Purpose

The genuine and primary intent or objective behind an action, decision, or existence, often considered more meaningful than surface-level reasons.

Experimenters' Predictions

The hypotheses or expected outcomes that researchers have before conducting an experiment, which can influence the results due to bias.

Retention

The act of holding onto information, skills, or memory over time.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, or preferences through study, experience, or teaching.