Which of the Following Is Not an Argument for Adopting

question 123

Multiple Choice

Which of the following is not an argument for adopting trade restrictions on imported goods?

• A)antidumping argument
• B)national-defense argument
• C)consumer-protection argument
• D)infant-industry argument

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Definitions:

Indifference Map

A set of indifference curves, each representing a different level of utility, that together show the preferences of a consumer.

Budget Constraint

outlines the combination of goods and services that a consumer can purchase given their income and the prices of those goods and services.

Demand Curve

A graphic representation showing the relationship between the price of a good or service and the quantity demanded by consumers for a given period.