Which of the following is a partially valid economic argument for restricting free trade?
A) Restrictions on foreign trade will increase employment and permanently reduce unemployment.
B) Removal of restrictions that have existed for years will initially cause inflation.
C) Infant industries need permanent protection to develop and gain productive efficiency.
D) A nation needs to protect industries that are vital to national defense in case of future international conflict.
Correct Answer:
Verified
Q88: Which of the following is a partially
Q89: Dumping
A) is the sale of a good
Q90: If a foreign supplier sells a good
Q91: Data on trade barriers and the growth
Q92: Data on trade barriers, income levels, and
Q94: If import restrictions prohibit foreigners from selling
Q95: A basic problem with the infant-industry argument
Q96: Economists consider tariffs to be
A) necessary for
Q97: Dumping is
A) the sale of a good
Q98: Which of the following is most likely
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