Which of the Following Is Not an Argument for Protectionism

question 82

Multiple Choice

Which of the following is not an argument for protectionism?

• A)The market has excess productive capacity.
• B)The industry is an "infant" industry.
• C)Natural resources need to be conserved.
• D)Foreign trade zones exist in the market.

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Definitions:

Efficiency

The ability to accomplish a task or objective with the least waste of time and effort; the effectiveness of productive effort.

Competitive Strategy

is an organization's approach to gaining an advantage over its competitors, typically through innovation, efficiency, quality, or customer service.

Leading-Edge Products

Products that are at the forefront of technology and innovation, offering new and advanced features.

Strategy Formulation

The process of developing the set of actions and decisions required to achieve organizational goals and compete in the marketplace.