Arguments in Support of Protectionism (And Against Free Trade) Include

question 265

Multiple Choice

Arguments in support of protectionism (and against free trade) include all of the following EXCEPT

• A) new and troubled industries need to be protected until they acquire sufficient strength to compete equally against their foreign counterparts.
• B) jobs at home should be protected from cheap foreign labor.
• C) protectionism increase total domestic consumption possibilities.
• D) national security interests require that nations retain the ability to produce vital materials at home and avoid dependence upon potential enemies.

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Definitions:

Chester Barnard

An American business executive and scholar, known for his contributions to management theory, particularly the concept of the informal organization.

Systems Model

is a representation of a complex system or process, outlining its components, relationships, and dynamics.

Willingness to Serve

An individual's readiness or predisposition to contribute their time or skills for the benefit of a community or organization without expecting financial gain.

Behavioral Approach

A method in psychology and management focusing on the study of observable behavior, emphasizing the external behaviors of people and their reactions in specific situations rather than internal states like feelings and thoughts.