Japan's Protection of Its Semiconductor (RAM) Producers Is Today Seen

question 39

Multiple Choice

Japan's protection of its semiconductor (RAM) producers is today seen as an object lesson in

• A) how strategic planning may backfire and cause a large waste of resources.
• B) how externalities may be successfully exploited by protectionist policies.
• C) how excess returns may be successfully exploited by protectionist policies.
• D) how government intervention may create a meaningful comparative advantage.
• E) how monopolies can outlast government intervention.

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Definitions:

Twin Brother

A male sibling born during the same childbirth as another child, which could be identical (from one zygote) or fraternal (from two different zygotes).

Media Violence

Refers to representations of violent acts and behaviors in media forms such as television, movies, and video games, and its potential influence on viewer or player behavior.

Aggressive Behavior

Actions or responses aimed at causing harm or exerting dominance over others, often manifesting physically or verbally.

Psychological Societies

Organizations or groups comprised of psychologists and professionals interested in the study of the mind and behavior for the advancement of psychological knowledge and practice.