All but One of the Following Statements Is Used to Justify

question 161

Multiple Choice

All but one of the following statements is used to justify protectionism.Which statement is not used to justify protectionism?

• A)Free trade leads to higher prices for imported goods.
• B)Free trade reduces employment by driving domestic firms out of business.
• C)A country should not rely on other countries for goods that are critical to its national defense.
• D)Trade restrictions are necessary to protect new firms until they can gain experience and become more productive.

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Definitions:

Ideal

A conception or standard of perfection, serving as a model or criterion for comparison, often unattainable or abstract.

Actual

Actual refers to something existing in reality or fact, not merely potential or hypothetical, but truly present or occurring.

Social

Relating to society, the interactions amongst individuals and groups, and the structure of communities and relationships.

Mental Aptitude

The capacity of an individual to learn, understand, and make judgments or have opinions based on reason.