Multiple Choice
The nations of Tweedle-dee and Tweedle-dum do not trust each other. Tweedle-dee is convinced that if it lowers its trade barriers, Tweedle-dum will not lower its barriers. Therefore, Tweedle-dee keeps its trade barriers high. This is an example of the ________ argument in favor of protectionism.
A) threat of retaliation
B) infant-industry
C) national security
D) cheap foreign labor
Correct Answer:
Verified
Correct Answer:
Verified
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