Item 4Item 4 Which trade policy argument suggests that a government should use subsidies to support promising firms that are active in newly emerging industries?

The correct answer is : strategic trade policy

Explanation:

It refers to a policy that some countries adopt with the purpose of affecting the outcome of strategic interactions between an industry dominated by a small number of firms. It helps to increase the national incomes and it ensures an advantage to the domestic industries.

recent improvements in technology/telecommunication/internet have increased the pace of globalization.

explanation:

recent improvements in technology have enhanced the pace of globalization. it is not difficult to recognize that technology has created the human race one big issue. there are several aspects to technology but they all serve to meet us the further. i can beat and be friends with a fellow, thousands of miles away. technology has also bridged the knowledge gap and has presented for the ready transfer of ideas and values.