Multiple Choice
The existence of marginal social benefits which are NOT marginal benefits for the industry producing the import substitutes
A) is an argument supporting free trade and non-governmental involvement.
B) is an argument supporting the use of an optimum tariff.
C) is an argument supporting the use of market failures as a trade-policy strategy.
D) is an argument rejecting free trade and supporting governmental involvement.
E) is an argument rejecting the domestic market failure concept.
Correct Answer:
Verified
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