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:

Longitudinal Designs

Research approaches that study participants over a period of time to observe changes or developments in behavior, skills, or attitudes.

Cross-sectional

A research strategy in observational studies where information is gathered from a whole population or a representative portion, analyzed at one specific time.

Longitudinal Designs

Research methods that involve repeated observations of the same variables (e.g., subjects) over short or long periods of time.

Society Changes

The transformations or alterations that occur within societies over time, encompassing shifts in norms, values, and cultural practices.