Which of the Following Statements Is Used to Justify Protectionism

question 142

Multiple Choice

Which of the following statements is used to justify protectionism?

• A)Free trade leads to higher prices for imported goods.
• B)Free trade increases employment by protecting domestic firms.
• C)A country should not rely on other countries for goods that are critical to its national defense.
• D)Trade restrictions are not necessary to protect new firms since they can gain experience and become more productive without protection.

Distinguish between different types of hypotheses (null and alternative).

Recognize the significance of probability in the analysis of inferential statistics.

Understand the concept of sampling error and its impacts on research findings.

Identify variables that can follow a binomial distribution.

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