Some Industries Have Argued That Since Their Output Is Vital

question 31

Multiple Choice

Some industries have argued that since their output is vital for national defense,_____.

• A)they should be entitled to additional trade protection
• B)they should make special deals among themselves and discriminate against outsiders
• C)they are more vulnerable to fiscal deficits
• D)they should be given more time to grow to become competitive
• E)they protect domestic jobs and wage levels

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Definitions:

Labour

The human effort, both physical and mental, used in the production process.

Fixed Budget

A budget that remains constant, regardless of changes in business activity levels.

Allocate Resources

The process of distributing available resources, such as time, money, and manpower, among various tasks or projects.

Specific Purpose

The precise goal or objective that an individual, group, or organization aims to achieve within a defined timeline.