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IT4: Arguments for protectionism, outsourcing

Last updated about 6 years ago

5 questions

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1

1

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Question 1

1.

The argument that a nation should not be too dependent on other nations for critical raw materials, machinery, and technology is called

Keeping money at home argument

Protecting domestic jobs from cheap foreign labor argument

National defense argument

Infant industry argument

Question 2

2.

The argument that new or emerging industries should be protected from foreign competition is called

Protecting domestic jobs from cheap foreign labor argument

National defense argument

Infant industry argument

Keeping money at home argument

Question 3

3.

Which argument for protectionism is used more than any other?

Protecting domestic jobs argument

National defense argument

Infant industry argument

Keeping money at home argument

Question 4

4.

When people say "buy American" they are focusing on which argument for protectionism?

National defense argument

Protecting domestic jobs argument

Keeping money at home argument

Infant industry argument

Question 5

5.

The process by which domestic firms hire foreign companies to perform some of its work is called

Dumping

Mutual interdependence

Smart business

Outsourcing