Which of the Following Is Cited as an Argument Against

question 6

Multiple Choice

Which of the following is cited as an argument against industrial policy?

• A) the use of industrial policy by other world governments like Japan, France, and Italy
• B) Canada already has an "unofficial" industrial policy
• C) the declining competitiveness of Canada in world markets
• D) foreign industrial policy successes have been overrated

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Definitions:

Drug Trade

The illegal production, distribution, and sale of drugs that are subject to drug prohibition laws.

Equilibrium Price

The market price at which the supply of an item equals the demand for it, leading to a stable market condition.

Black Markets

A market that operates outside the legal system in which either illegal goods are sold or legal goods are sold at illegal prices or terms.

Black Markets

Illicit trade practices where goods or services are sold illegally, either because they are prohibited or to avoid taxation.