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Author Question: Which of the following statements is true about protection of an infant industry? A) Governments ... (Read 89 times)

viki

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Which of the following statements is true about protection of an infant industry?
 
  A) Governments can impose temporary trade barriers on foreign imports to ensure that young firms gain a large share of the domestic market.
  B) Such protection is easy to remove.
  C) Protected companies become more efficient and produce products with lower prices.
  D) Protecting infant industries rarely allows countries to develop a modern industrial sector.

Question 2

A quantitative restriction on specific imports for a set period of time is referred to as ________.
 
  A) tariff
  B) quota
  C) investment barrier
  D) country risk


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matt95

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viki

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Reply 2 on: Jul 7, 2018
YES! Correct, THANKS for helping me on my review


bassamabas

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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