Some Economists Suggest the Optimal Way for a Nation to Protect

question 19

Multiple Choice

Some economists suggest the optimal way for a nation to protect its access to a strategic mineral is with

• A)an infant industry tariff.
• B)a high rate of effective protection to keep local mines in business.
• C)a quota on imports of the mineral.
• D)a low nominal rate of protection.
• E)a stockpile.

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Definitions:

Sequence Structure

A set of code statements executed in order, one after the other, often used to describe the basic flow of a program.

Selection

The process of choosing between two or more paths in programming based on conditions, often implemented with if-else and switch statements.

Iteration

The process of repeating a set of instructions or steps a specific number of times or until a certain condition is met in programming.

Invocation

The act of calling or executing a function or a method in programming.