Which of the following is a valid reason for protecting an industry?
A. The industry is unable to compete with low-wage foreign competitors.
B. Protection penalizes lax environmental standards.
C. Protection keeps richer nations from exploiting the workers of poorer countries.
D. None of the above reasons is a valid reason for protection.
Answer:D
Which of the following is a valid reason for protecting an industry?
A. The industry is unable to compete with low-wage foreign competitors. B. Protection penalizes lax environmental standards. C. Protection keeps richer nations from exploiting the workers of poorer countries. D. None of the above reasons is a valid reason for protection.