Which of the Following Arguments for Trade Protection Contends That

question 18

Multiple Choice

Which of the following arguments for trade protection contends that new domestic industries need support to establish themselves and survive?

• A) The increased domestic employment argument.
• B) The cheap foreign labor argument.
• C) The diversification-for-stability argument.
• D) The infant industry argument.

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Definitions:

Euphoria

A feeling or state of intense excitement and happiness.

Invulnerability

The inability to be harmed or affected by external forces or influences.

Hallucinations

Sensory experiences of things that do not exist outside the mind, often seen, heard, or felt, usually as a result of a psychiatric condition or substance use.

Unbounded Energy

A term that might describe an inexhaustible or seemingly limitless vitality or enthusiasm.