Which of the Following Is the Most Accurate Statement

question 6

Multiple Choice

Which of the following is the most accurate statement?

• A)The one argument for restricting trade that almost all economists accept as valid is the infant-industry argument.
• B)Almost all economists insist that it is never appropriate to protect "key" industries,even when there are legitimate concerns about national security.
• C)The idea that one nation might want to threaten another nation with a trade restriction is associated with the protection-as-a-bargaining-chip argument for restricting trade.
• D)The protection-as-a-bargaining-chip argument for restricting trade is also known as the infant-industry argument.

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Definitions:

Millions

A numerical count or quantity equivalent to one thousand thousands or 10^6.

Standard Deviation

A measure of the dispersion or variability of a set of numbers, indicating how spread out the numbers are from their average value.

Units

Basic quantities used to specify measurements in various dimensions, such as length, mass, or time.

Standard Deviations

A metric that calculates the extent of spread or variability of data points from the average value.