Which of the following is TRUE about national industrial policy?
A) It is designed to create monetary and fiscal policies, such as low-interest loans, that provide a stable supply of capital for company investment needs.
B) It explains why nations attempt to run a trade surplus.
C) It demonstrates that what matters is not the absolute cost of production, but rather the relative efficiency with which two countries can produce the products.
D) It underlines the demerits of rigorous educational systems at the precollege level.
Correct Answer:
Verified
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