Proponents of ____ maintain that government should enact policies that encourage the development of emerging,"sunrise" industries.
A) Product life cycle policy
B) Static comparative advantage policy
C) Intra-industry trade policy
D) Industrial policy

Question

Quizplus · Accepted Answer

Industrial policy aims to promote the growth and development of certain industries through direct government intervention. This includes providing subsidies, tax incentives, and other forms of assistance to emerging industries that have the potential for growth and job creation. The other options are not directly related to promoting the development of emerging industries.

Proponents of ____ Maintain That Government Should Enact Policies That