Industrial policy
A) is strategic behavior that takes place at the national level.
B) may be accomplished by protecting and subsidizing selected industries.
C) is intended to provide competitive advantage to selected firms.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

Industrial policy involves strategic actions by a government to encourage the development and growth of specific sectors or industries within the national economy. This can include protectionist measures, subsidies, and other forms of support designed to give certain firms or industries a competitive edge on both a national and international level.

Industrial Policy