Which of the Following Statements Is Used to Justify Protectionism

question 105

Multiple Choice

Which of the following statements is used to justify protectionism?

• A)Free trade leads to higher prices for imported goods.
• B)Free trade increases employment by protecting domestic firms.
• C)A country should not rely on other countries for goods that are critical to its national defence.
• D)Trade restrictions are not necessary to protect new firms since they can gain experience and become more productive without protection.

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Definitions:

Slope Stability

The resistance of inclined soil or rock surfaces to failure by sliding or collapsing, influenced by factors such as material properties, water content, and the angle of the slope.

Water Pressure

The force exerted by water per unit area, often significant in aquatic environments and engineering.

Gravity

The force by which a planet or other body draws objects toward its center, responsible for keeping objects grounded on Earth.