The "Unfair-Competition" Argument Might Be Cited by an American Who

question 208

Multiple Choice

The "unfair-competition" argument might be cited by an American who believes that

• A)almost every country has a comparative advantage, relative to the United States, in producing almost all goods.
• B)young industries should be protected against foreign competition until they become profitable.
• C)the American automobile industry should be protected against Japanese firms that are able to produce automobiles at relatively low cost.
• D)the French government's subsidies to French farmers justify restrictions on American imports of French agricultural products.

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Definitions:

Voltage Drop

The reduction in voltage as electric current passes through components or conductive paths within an electrical circuit, due to resistance or impedance.

Total Resistance

The overall opposition to electric current flow in a circuit, calculated by adding the resistance values of individual resistors in series and appropriately combining resistors in parallel.

Parallel Circuit

An electrical circuit in which components are connected in parallel, such that the voltage across each component is the same, and the total current is the sum of the currents through each component.

Parallel Circuit

An electrical circuit in which components are connected across common points or junctions, allowing current to divide among the paths.