A Policy Aimed at Promoting the Development of Specific Industries

question 162

Multiple Choice

A policy aimed at promoting the development of specific industries within a country that may increase domestic welfare through trade with the rest of the world is known as a(n) :

• A) infant-industry policy.
• B) key-industry policy.
• C) strategic trade policy.
• D) welfare-trade policy.

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Definitions:

Recall

The ability to remember previously experienced events or information, often measured in psychological tests or assessments.

Semantic Meaning

The meaning or interpretation of a word, phrase, sentence, or text, in terms of the relationships between the symbols and what they represent.

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High-performance automobiles designed with greater emphasis on speed, handling, and aesthetics, often considered symbols of status and style.