Which of the Following Arguments for Trade Protection Is Based

question 31

Multiple Choice

Which of the following arguments for trade protection is based on the premise that a nation should have a wide enough range of domestic industries to be self-sufficient if necessary?

• 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:

Genetically Close

Describing organisms or individuals that share a high degree of genetic similarity, often implying close kinship or common ancestry.

Relatives

Individuals connected by blood, marriage, or adoption, forming a family network.

Associations

Groups or organizations formed for a specific purpose, which can range from professional guilds to social clubs, often characterized by a shared interest or goal.

Act of Joining

This refers to the process of connecting or uniting different elements, groups, or structures.