You support an industrial policy for Canada.Which of the following would be the weakest argument for an industrial policy?
A) The private sector is unlikely to undertake large,complex,risky investment programs without government assistance.
B) Canada must support its industries because Japan and other countries are subsidizing their high-tech firms.
C) Technological advance will be the primary source of economic growth in the future.
D) The government is able to take a longer view of investment strategies and is more successful at picking "winners" than is the private sector.
Correct Answer:
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