When what people pay does not necessarily reflect the real value they put on a good, it is likely that the:

Skeptics have been historically incorrect about

A. the depletion of earth’s most valuable resources. As resource prices increase, more discoveries have been made. B. market-based approaches in reducing pollution. Zero pollution has been achieved. C. the depletion of earth’s most valuable resources. As resource prices decrease, firms are incentivized to sell all their holdings before prices continue to fall. D. state owned firms. They traditionally perform better than markets with pollution charges.

What is the declining or dying industry argument for establishing barriers to imports? What are its merits and weaknesses? What measure(s) is/are more efficient than an import tariff if the intention is to help workers who would be displaced from a dying industry? Why? What measure(s) is/are more efficient than an import tariff if maintaining current production levels is the goal of government policy?

What will be an ideal response?