Which of the Following Is a Partially Valid Economic Argument

question 65

Multiple Choice

Which of the following is a partially valid economic argument for restricting free trade?

• A) Restrictions on foreign trade will increase employment and permanently reduce unemployment.
• B) Infant industries may need temporary protection to develop and gain productive efficiency.
• C) A nation needs to protect its national defense; hence, it should restrict some products that threaten an industry considered vital to its defense.
• D) Both b and c are correct.

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Definitions:

Sampling Frame

The master list from which a sample is selected.

Population

Every individual or item of a type you want to study. The entire set of individuals or items from which a sample is drawn.

Snowball Sampling

A nonprobability sampling technique where existing study subjects recruit future subjects from among their acquaintances.

Network Sampling

A technique used to sample from a network, where participants are selected based on their connections or relationships within the network.