Which of the Following Arguments Regarding Protections Is Recognized by Economists

question 26

Multiple Choice

Which of the following arguments regarding protections is recognized by economists as valid?

• A) Need to keep money at home
• B) Encouragement of capital accumulation
• C) Protection of an infant industry
• D) Conservation of natural resources
• E) Maintenance of employment and reduction of unemployment

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Definitions:

Defense Contractor Industry

Companies that provide products and services to military departments and agencies, including the development and manufacturing of weapons, equipment, and technology.

U.S. Defense Contractor

Companies that provide products and services to the U.S. military and national security agencies, ranging from weaponry to technology solutions.

Bargaining Power

The capacity of one party to influence the terms and conditions of an agreement in their favor during negotiations with another party.

Substitution Possibilities

The extent to which alternative products or services can replace each other in satisfying consumers' needs or preferences.