Which is not a commonly heard argument for protectionism?
A) A strong national defense requires that some military products be produced domestically.
B) Infant industries need short-run, but not long-run, protection from foreign competition.
C) Specialization along the lines of comparative advantage can lead to greater economic instability for a nation.
D) When other nations' economies grow they typically import fewer goods and services.
Correct Answer:
Verified
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Q151: Studies show that:
A)it is impossible to estimate
Q152: Which is a valid counterargument to the
Q153: As it relates to international trade, "dumping":
A)is
Q154: The statement that "tariffs are needed to
Q155: Other things equal, a tariff is:
A)superior to
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