Which of the Following Statements Reflects the Belief of the Critics

question 103

Multiple Choice

Which of the following statements reflects the belief of the critics of industrial policy?

• A)The government allocates scarce resources more efficiently than markets.
• B)Industrial policy could evolve into a government giveaway program.
• C)Industrial policy gives domestic industries a competitive advantage over important trading partners.
• D)Industrial policy encourages unfavorable terms of trade with foreign countries.
• E)Industrial policy overprotects the domestic producers.

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Definitions:

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