Which of the Following Reasons Is NOT One of the Ones

question 33

Multiple Choice

Which of the following reasons is NOT one of the ones used to justify subsidies to high technology industries in advanced industrialized countries?

• A) They earn a higher than normal return on investment.
• B) They pay higher wages to workers than standard manufacturing industries.
• C) They boost the international competitiveness of such industries.
• D) The welfare gains generated by this industry are substantially larger than the welfare losses incurred during the period of subsidy.
• E) Choosing these economic winners leads to less corruption.

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Definitions:

Hindering Immigration

The act of creating obstacles or implementing policies that prevent or discourage people from moving to a new country.

Free Blacks

African Americans who were not enslaved, enjoyed certain degrees of freedom, and sometimes owned property, particularly before the Civil War in the United States.

Laws

Rules and regulations that are established and enforced by a governing authority to maintain order and protect people's rights.

Franchise

The right to vote in public, political elections; often discussed in the context of extending this right to different groups historically excluded.