According to Paul Krugman, a country that attempts to use strategic tr

QUESTION

According to Paul Krugman, a country that attempts to use strategic trade policy to establish a domestic firm in a dominant position in a global industry, is most likely to:

A. dominate the industry.

B. move away from protectionism.

C. provoke retaliation.

D. incur huge financial debts.

E. upset the special-interest groups within the economy.

ANSWER

C