Which of the following BEST supports a nation's decision to implement a strategic trade (industrial)policy?
A)The policies have usually resulted in big payoffs.
B)Governments, rather than entrepreneurs, should take the risks of developing new industries.
C)Consumer needs would otherwise not be met.
D)Government actions should target industries that are believed to give the country its best export advantages.

Question

Quizplus · Accepted Answer

Strategic trade policy involves government actions that target industries believed to offer the country its best export advantages. This approach can help a nation to achieve greater export success and economic growth, making it a strong argument in favor of implementing such policies. Options A and B are not necessarily true in all cases, and option C is not a sufficient reason to implement strategic trade policies.

Which of the Following BEST Supports a Nation's Decision to Implement