The Most Efficient Way to Encourage the Growth of an Infant-Industry

question 62

Multiple Choice

The most efficient way to encourage the growth of an infant-industry is through a

• A) voluntary export restraint.
• B) tariff.
• C) an import quota.
• D) subsidy.

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Definitions:

Human Capital Supply

The availability of individuals in the workforce who possess the necessary skills, knowledge, and abilities to meet an organization’s needs.

Demand Forecasting

Demand forecasting is the process of estimating the future demand for goods or services based on historical sales data, market analysis, and other factors.

Human Capital

The abilities, understanding, and expertise held by a person or a group, considered in relation to their worth or expense to a company.

Forecasting Tools

Instruments or software used to predict future trends or outcomes based on current data.