Countries losing high technology industries as a consequence of industrial policies pursued by other countries
A) has not been much of a source of conflict in the international trade system.
B) usually don't respond by supporting their own firms to offset the advantages enjoyed by foreign firms.
C) rarely attempt to prevent foreign governments from using industrial policy subsidies.
D) has been a source of much conflict in the international trade system.
E) is almost entirely the result of different factor advantages as predicted by standard trade theory.

Question

Quizplus · Accepted Answer

Countries losing high technology industries due to industrial policies pursued by other countries has been a source of much conflict in the international trade system. Governments often respond by supporting their own firms to offset the advantages enjoyed by foreign firms and may attempt to prevent foreign governments from using industrial policy subsidies. This has led to trade wars and disputes in various international forums.

Countries Losing High Technology Industries as a Consequence of Industrial