The Australian Government has decided to follow a policy of free trade. Industry and commerce groups have argued to maintain protectionism.
Which of the following would best support the argument of industry and commerce groups?
(A)
Retaliation against another country’s trade restrictions
(B)
Reduction of economic growth in the domestic market
(C)
Restriction of consumer choice to locally produced products
(D)
Protection of strong domestic industries from foreign imports
I got this quedtion in a tes today. The answer is A according to the answers howeverr i totall disagree.
The answer should be D as industries will always agrue in favor to protection so to protect their exports. At every least it should be B low economic growth however in the long term it does increase
By the way this is for business studies
My teacher sees why i am disputing this but he still agrees with the answer, what do you think should be the answer
Which of the following would best support the argument of industry and commerce groups?
(A)
Retaliation against another country’s trade restrictions
(B)
Reduction of economic growth in the domestic market
(C)
Restriction of consumer choice to locally produced products
(D)
Protection of strong domestic industries from foreign imports
I got this quedtion in a tes today. The answer is A according to the answers howeverr i totall disagree.
The answer should be D as industries will always agrue in favor to protection so to protect their exports. At every least it should be B low economic growth however in the long term it does increase
By the way this is for business studies
My teacher sees why i am disputing this but he still agrees with the answer, what do you think should be the answer