All of the Following Are True of Protectionism EXCEPT

question 74

Multiple Choice

All of the following are true of protectionism EXCEPT:

• A) industries must be shielded from foreign competition.
• B) large trade deficits of the United States must be reduced.
• C) maximum gain on a worldwide basis will be realized if capital flows are unrestricted.
• D) trade barriers in foreign countries restrict American imports to them.

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Definitions:

Existential Import

The assumption within a proposition that something exists.

Square of Opposition

A diagram representing the logical relationships between certain types of propositions in classical logic.

Universal

Pertaining to or being applicable to all cases, individuals, or groups without exception.

Venn Diagram

A Venn diagram is a graphical representation using overlapping circles to illustrate the logical relationships between two or more sets of items.