There has always been a strong reaction in the United States to any form of industrial policy because:
A)It reduces the market's efficiency.
B)It conflicts with the widely held view of goverrnnent's role in the economy.
C)Existing attempts to form industrial policies have generally been irrational and uncoordinated.
D)Industrial policies violate anti-trust legislation.

Question

Quizplus · Accepted Answer

The United States has a culture that generally believes in free-market capitalism, where the government's role is limited to creating a stable environment for businesses to operate in. Industrial policy, which involves government intervention in directing industries to develop in a certain way, conflicts with this view and thus faces more opposition.

There Has Always Been a Strong Reaction in the United