Business, 17.07.2020 17:01 britneywells14ozzp3r
Randall, a protectionist, has seen several small businesses go bankrupt because they were unable to compete with the cheaper prices of goods provided by foreign companies. The cell-phone manufacturing industry has just started in the United Kingdom, and Randall's company is one of the first to try its hand at cell-phone manufacturing. Which of the following arguments is most likely to be used by Randall to persuade his government to restrict the import of foreign cell phones from foreign companies?
1) Conservation of natural resources
2) Protection of an infant industry
3) Maintenance of standard of living
4) National defense
5) The need to keep money at home
Answers: 1
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Randall, a protectionist, has seen several small businesses go bankrupt because they were unable to...
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