Managed trade-agreements, sometimes temporary, between countries (or a group of countries) that aim to achieve certain trade outcomes for the countries involved-aims to replace global market or economic forces with government actions to determine trade outcomes. Which of the following is a socioeconomic rationale used by economic policy makers to protect specific companies or industries and achieve particular strategic objectives? . a. Strategic industries b. Embargoes c. National security d. Export cartels

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Read the chapter's mini case, and then answer the question.
chapter's mini case
Managed trade-agreements, sometimes temporary, between countries (or a group of
countries) that aim to achieve certain trade outcomes for the countries involved-aims
to replace global market or economic forces with government actions to determine
trade outcomes. Which of the following is a socioeconomic rationale used by economic
policy makers to protect specific companies or industries and achieve particular
strategic objectives?
a. Strategic industries
b. Embargoes
c. National security
d. Export cartels
Transcribed Image Text:Read the chapter's mini case, and then answer the question. chapter's mini case Managed trade-agreements, sometimes temporary, between countries (or a group of countries) that aim to achieve certain trade outcomes for the countries involved-aims to replace global market or economic forces with government actions to determine trade outcomes. Which of the following is a socioeconomic rationale used by economic policy makers to protect specific companies or industries and achieve particular strategic objectives? a. Strategic industries b. Embargoes c. National security d. Export cartels
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