Assuming that government decision-makers are well aware of the consequences, what is the real reason why government may seek to protect an industry? The government wants to snub a foreign power. The government is acting to preserve jobs in an industry that is threatened by competition from abroad. The government wants to protect overall jobs.
Assuming that government decision-makers are well aware of the consequences, what is the real reason why government may seek to protect an industry? The government wants to snub a foreign power. The government is acting to preserve jobs in an industry that is threatened by competition from abroad. The government wants to protect overall jobs.
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Transcribed Image Text:Assuming that government decision-makers are well aware of the consequences, what is the
real reason why government may seek to protect an industry?
The government wants to snub a foreign power.
The government is acting to preserve jobs in an industry that is threatened by competition from abroad.
The government wants to protect overall jobs.
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