Which of the Following Is NOT Among the Common Arguments

question 22

Multiple Choice

Which of the following is NOT among the common arguments for protection?

• A) Major war could cut off imports from other countries and leave a country dependent on its own industries, so a nation should protect industries important to conducting a war.
• B) A new or small industry in a country could be crushed by more mature foreign competitors, so the industry should be protected until it is on an equal footing with the foreign competition.
• C) Trade can be disruptive to sectors of society facing foreign competition for the first time, as with small towns built around a single industry.
• D) More international trade will tend to reduce the value of the domestic currency, hurting savers.

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Definitions:

Legal Suits

Formal legal actions taken by one party against another in court, often involving disputes or claims requiring resolution.

Acts Of Owners

Decisions or actions taken by the owners of a company that affect the ownership structure or financial strategy.

Corporation

A legal entity separate from its owners, with the right to own assets, incur liabilities, and sell stock.

Obtain Capital

The process of securing funding or resources necessary for business operations, investments, or projects, typically through equity, debt, or other financial instruments.