Which of the following is true? Part 2 A. Protection in the form of tariffs or quotas is a very inefficient tool for job creation and preservation. B. Protection in the form of tariffs is a universally accepted way to protect the cultural values of the home country. C. Protection in the form of tariffs is a successful way to nurture new domestic industries. D. Protection in the form of tariffs is an effective way to maintain domestic production of a strategic mineral.If social returns to the production of a good are greater than private returns, then we can conclude that relative to the social optimum, the good will be Question content area bottom Part 1 A. overproduced and overpriced. B. underproduced and underpriced. C. underproduced and overpriced. D. overproduced and underpriced