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All of the following arguments are defenses for self-sufficiency EXCEPT

I. Protective tariffs increase the prices of domestic military goods.
II. Young (or infant) industries will be unable to compete with large established foreign companies.
III. Dumping can destroy domestic industry.
IV. Worker standard of living will decline due to cheap foreign labor.

A

II only.

B

I and II only.

C

II and III only.

D

I only.

E

IV only.

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