The Industrialization Argument for Trade Protection in Developing Countries Is

question 93

Multiple Choice

The industrialization argument for trade protection in developing countries is based on the assumption that ________.

• A)the protected industry will become competitive over time with economies of scale
• B)unemployment and underemployment exist in rural areas, so little agricultural output is lost as people move into industrial jobs
• C)subsidizing production is a better means of protection than limiting imports
• D)it is better to depend on buying agricultural surpluses from developed countries than to produce these agricultural goods

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Definitions:

Pain Spot

A specific area on the body that, when stimulated, produces a sensation of pain.

Cold Sensation

The perception of reduced temperature, often triggered by low environmental temperatures or specific nerve responses.

Wetness Sensation

The perception of moisture or liquid, which can involve complex interactions between touch, temperature, and pressure sensory systems.

Hot Sensation

The subjective experience or feeling of heat, often as a response to temperature stimuli.