The industrialization argument for trade protection in developing countries is based on the assumption that ________.
A) the protected industry will become competitive over time with economies of scale
B) unemployment and underemployment exist in rural areas, so little agricultural output is lost as people move into industrial jobs
C) subsidizing production is a better means of protection than limiting imports
D) it is better to depend on buying agricultural surpluses from developed countries than to produce these agricultural goods
Correct Answer:
Verified
Q22: Which of the following best explains why
Q23: Terms of trade refers to _.
A)the quantity
Q24: Export restrictions have a tendency to _.
A)favor
Q25: Country X wants to eliminate its balance
Q26: Which of the following is NOT a
Q28: Export-led development refers to _.
A)a country's efforts
Q29: Which of the following is a problem
Q30: Countries sometimes fear that foreign producers are
Q31: All of the following are reasons a
Q32: Which term refers to restricting imports in
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