Which of the following statements most likely undermines the infant-industry argument?
A) Total unit costs decrease through economies of scale.
B) High tariffs to prevent foreign competition increase government revenues in the protected country.
C) Domestic entrepreneurs need assistance to compete in industries with high entry barriers.
D) Experience of operating over time triggers higher productivity and global competitiveness.
Question 2
Unemployed workers are most apt to form a pressure group to support ________.
A) export restrictions
B) import restrictions
C) price limitations
D) import subsidies
Question 3
Firms involved in joint ventures experience the pitfalls of ________ when they realize that their decision-making powers are limited.
A) incompatibility
B) information access
C) distribution of earnings
D) loss of autonomy
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