Critics argue that U.S. industrial policy _____ a. provides too much protection to domestic industries. b. gives foreign industries an advantage over domestic producers. c. should shift from a military to a civilian focus. d. discourages spending on basic research in universities. e. currently focuses only on developing the airlines industry.
Critics argue that U.S. industrial policy _____ a. provides too much protection to domestic industries. b. gives foreign industries an advantage over domestic producers. c. should shift from a military to a civilian focus. d. discourages spending on basic research in universities. e. currently focuses only on developing the airlines industry.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter34: Globalization And Protectionism
Section: Chapter Questions
Problem 18SCQ: How does competition, whether domestic or foreign, harm businesses?
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Question
Critics argue that U.S. industrial policy _____
a. | provides too much protection to domestic industries. | |
b. | gives foreign industries an advantage over domestic producers. | |
c. | should shift from a military to a civilian focus. | |
d. | discourages spending on basic research in universities. | |
e. | currently focuses only on developing the airlines industry. |
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