Arguments Made Against Free Trade Include All of the Following

question 90

Multiple Choice

Arguments made against free trade include all of the following except

• A) national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not.
• B) infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older,more established foreign industries.
• C) dumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against.
• D) free trade is inflationary and should be restricted in the domestic interest.
• E) if foreign governments subsidize their exports,foreign firms that export are given an unfair advantage that domestic producers should be protected against.

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Definitions:

Middle-Upper Income

Refers to individuals or households that possess income levels above the national median but below the wealthiest segment of society.

Functional Benefits

The practical or useful aspects of a product or service that meet the basic needs of the user.

Country of Origin

The country where a product was manufactured or a brand was originally established, often influencing consumer perceptions and preference.

Extended Self

is a concept depicting how individuals incorporate possessions or objects into their self-concept, seeing these items as part of their identity.