Arguments for industrial policy include all of the following except
A)for economic reform.
B)making government more efficient.
C)making goverrnnent more effective.
D)stifling innovation.

Question

Quizplus · Accepted Answer

Industrial policy is aimed at promoting economic development and growth by supporting specific industries, sectors, or technologies. While there may be some criticisms of industrial policy, such as it being prone to inefficiency or favoring certain industries over others, stifling innovation is not usually considered a valid argument against it. In fact, proponents of industrial policy argue that it can encourage innovation by providing targeted support for research and development, as well as helping to create markets and networks that support new ideas and products.

Arguments for Industrial Policy Include All of the Following Except