One Argument for Trade Restriction Focuses on New Industries

question 136

Multiple Choice

One argument for trade restriction focuses on new industries.It can be summarized in the following manner:

• A) trade barriers must be used to protect all domestic workers.
• B) tariffs imposed to aid new industries should never be removed.
• C) new industries are usually capable of competing with established rivals.
• D) new industries need to be shielded in their early stages.
• E) trade barriers can be used to enhance national security.

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Definitions:

Ginzberg

Refers to Eli Ginzberg, an economist known for his theories on career development and choice, emphasizing stages of decision-making that extend into adulthood.

Tentative Period

The second stage of Ginzberg’s theory, which spans adolescence when people begin to think in pragmatic terms about the requirements of various jobs and how their own abilities might fit with them.

Fantasy

A genre of literature and media that involves magical, mystical, or supernatural elements often set in imaginary worlds.

Personality Type Theory

A framework suggesting that individuals can be classified into distinct personality types based on their characteristics and behaviors.