Which of the Following Is the Most Accurate Statement

question 503

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:

Crisis

A critical or decisive state or moment, especially one with the potential for a highly negative or undesirable outcome.

Conflict

A situation in which there is a struggle or disagreement between opposing forces or ideas, which can be internal, interpersonal, or between groups.

Identity

The way in which individuals perceive themselves, including beliefs, characteristics, and expressions, which contribute to their unique sense of self.

Critical Period

A specific time during development when the presence or absence of certain experiences has a profound impact on the formation of abilities or characteristics.