Which of the Following BEST Supports a Nation's Decision to Implement

question 82

Multiple Choice

Which of the following BEST supports a nation's decision to implement a strategic trade (industrial) policy?

• A)The policies have usually resulted in big payoffs.
• B)Governments, rather than entrepreneurs, should take the risks of developing new industries.
• C)Consumer needs would otherwise not be met.
• D)Government actions should target industries that are believed to give the country its best export advantages.

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Definitions:

Semantic Memory

A component of long-term memory that processes ideas and concepts not drawn from personal experience, encompassing knowledge of facts, meanings, and language usage.

Cognitive Abilities

The mental capabilities involved in performing tasks, problem-solving, and making decisions, such as perception, memory, and reasoning.

Aging

The process of becoming older, which involves a series of biological, psychological, and social changes over time.

Five Factor Model

A theory that delineates personality into five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.