Which of the Following Is an Argument Against Embracing Strategic

question 58

Multiple Choice

Which of the following is an argument against embracing strategic trade policy?

• A)It hampers the chances of a country's firms to effectively exploit the first-mover advantages.
• B)It is certain to be captured by special-interest groups within the economy,which will distort it to their own ends.
• C)It increases the prices of the products for the domestic consumers.
• D)It hampers the abilities of the domestic firms to achieve a dominant position in the global industry.
• E)It leads to a compromise in national sovereignty.

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Definitions:

Company Favouritism

The practice of giving unfair preferential treatment to one's own company or specific employees within it.

Class Structure

The organization of society into hierarchical layers based on socio-economic status, wealth, or occupation.

Income Distribution

The way in which total income is shared among the members of a society.

State Of The Economy

The general condition of a nation's economic system in terms of growth, stability, and overall health.