Economists Usually Agree with Which of the Following Arguments That

question 86

Multiple Choice

Economists usually agree with which of the following arguments that favour protectionism?

• A)the competition with cheap foreign labour defence
• B)the job protection defence
• C)the dumping defence
• D)the infant-industry defence
• E)none of the above. Economists generally agree that arguments in favor of protection are flawed.

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Definitions:

Structure

The arrangement of and relations between the parts or elements of something complex.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the development of innovations.

Spatial Differentiation

The process of distinguishing locations based on various factors such as geographical features, demographics, or economic activities.

Mechanistic

An organizational design characterized by rigid and tightly controlled structures, often found in highly formalized and hierarchical organizations.