A Possible Downside of Industrial Policy Is That

question 62

Multiple Choice

A possible downside of industrial policy is that

• A)the government cannot be trusted to identify emerging technologies
• B)markets allocate scarce resources better than governments do
• C)it could evolve into a government giveaway program
• D)money and competitive advantages could go to the politically connected
• E)All of the answers are correct

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Definitions:

Bloodstream

The flowing blood within the circulatory system of the body, carrying oxygen, nutrients, and waste materials.

Epinephrine

A hormone and a neurotransmitter also known as adrenaline, which is released in response to stress and works by increasing heart rate, contracting blood vessels, and dilating air passages.

Bloodstream

The flowing body fluid that carries oxygen, nutrients, and waste products to and away from cells within an organism, primarily consisting of plasma, red and white blood cells, and platelets.

Accelerate Heartbeat

The increase in the speed of the heart rate.