Which of the following statements most likely undermines the arguments for a strategic trade policy?
A) Entrepreneurs, rather than governments, should take business risks.
B) Developed countries have production lead time over developing countries.
C) If big companies can figure out what products to develop, so can governments.
D) Governments have limited resources, so industries with greater growth potential should be targeted.
Question 2
Between now and 2050, countries undergoing a simultaneous population reduction and an increased percentage of retirees in the population most likely will need more ________.
A) imports
B) immigrants
C) domestic products
D) favorable balances of trade
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