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Which of the following is true? Question 31 options: Japan as a major automobile maker of the world could have been more successful if the
Which of the following is true? Question 31 options: Japan as a major automobile maker of the world could have been more successful if the country had not protected its automobile industry in the 1930s. Although weak domestic industries may face severe competition from products of other countries, protectionist policies eventually hurt domestic industries. No developing country in the world has been able to catch up with advanced economies without resorting to some sort of tariffs to help its own industries. The United Kingdom and the United States developed their advanced economies without resorting to protectionist policies
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