Which of the Following Is Not an Argument in Favor

question 74

Multiple Choice

Which of the following is not an argument in favor of inward-oriented strategies?

• A)A newly developing economy needs protection from foreign competition.
• B)Government restrictions are necessary to maximize the rate of economic growth.
• C)Deteriorating prices of primary products in relation to manufactured goods expose developing countries to increasingly unfavorable terms of trade.
• D)Developing countries should compete on the basis of comparative advantage.
• E)Economic growth requires rapid industrialization and a shift away from primary products.

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Definitions:

Triggered

Refers to an emotional or psychological response brought on by a specific stimulus or event.

Social Inequalities

Disparities in wealth, status, or power among individuals or groups within a society.

Ingroup Bias

The tendency to favor and prioritize the members of one's own group over those of another.

Outgroup Homogeneity

The tendency to view members of an outgroup as more similar to one another than members of one's own group (ingroup).