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9) The existence of marginal social benefits which are not marginal benefits for the industry producing...

9) The existence of marginal social benefits which are not marginal benefits for the industry producing the import substitutes:

A) is an argument supporting free trade and non-governmental involvement.

B) is an argument supporting the use of an optimum tariff.

C) is an argument supporting the use of market failures as a trade-policy strategy.

D) is an argument rejecting free trade and supporting governmental involvement.

E) is an argument rejecting the domestic market failure concept.

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Answer #1

Answer

Option D

D) is an argument rejecting free trade and supporting governmental involvement.

The argument is used to reject free trade and protect the import-substituting high-cost industry just because it is in your country and supporting political government arguments

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