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Which of the Following Is the Most Accurate Statement

Question 6

Multiple Choice

Which of the following is the most accurate statement?


A) The one argument for restricting trade that almost all economists accept as valid is the infant-industry argument.
B) Almost all economists insist that it is never appropriate to protect "key" industries,even when there are legitimate concerns about national security.
C) The idea that one nation might want to threaten another nation with a trade restriction is associated with the protection-as-a-bargaining-chip argument for restricting trade.
D) The protection-as-a-bargaining-chip argument for restricting trade is also known as the infant-industry argument.

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