Which of the Following Describes the National Security Argument for Protectionism

question 126

Multiple Choice

Which of the following describes the national security argument for protectionism?

• A)Nearly all industries can make some claim to strategic importance so such trade restrictions can get out of hand.
• B)Increases in economic surplus outweigh the decreases in consumer surplus that result from protectionism.
• C)Some goods should be insulated from foreign competition to ensure an adequate supply of these goods in the event of an international conflict.
• D)Private companies (for example,Coca-Cola)should not be forced to reveal their trade secrets to foreign companies.

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Definitions:

Self-Regulation

The ability of individuals to manage their own thoughts, feelings, and behaviors to achieve long-term goals.

Self-Esteem

An individual's subjective assessment of their own worth or value.

Goal Setting

The process of identifying something that you want to accomplish and establishing measurable objectives and timeframes.

Self-Efficacy Beliefs

The conviction that one can successfully execute the behavior required to produce desired outcomes.