Which of the following is an argument against embracing strategic trad

QUESTION

Which of the following is an argument against embracing strategic trade policy?

A. It hampers the chances of a country’s firms to effectively exploit the first-mover advantages.

B. It is certain to be captured by special-interest groups within the economy, which will distort it to their own ends.

C. It increases the prices of the products for the domestic consumers.

D. It hampers the abilities of the domestic firms to achieve a dominant position in the global industry.

E. It leads to a compromise in national sovereignty.

ANSWER

B