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:

Fee-For-Service

A payment model where services are unbundled and paid for separately, often seen in healthcare settings.

Cost-Efficient

Economically advantageous, achieving the best possible outcome or value with the least waste of resources or effort.

Community Rating

A pricing strategy where health insurance premiums are not based on an individual’s health status or age but are the same for all members of a community.

Average Risk

The standard level of chance or probability that an individual will encounter a specific event or condition, used as a baseline in risk assessments.