Which of the Following Statements Is TRUE About Protection of an Infant

question 82

Multiple Choice

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.

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Definitions:

Frequency Distribution

A representation, often in table or graph form, that displays the frequency of various outcomes in a sample.

Nominal Data

Data that are categorized without a natural order or ranking among the categories, used for labeling variables without quantitative values.

Pie Chart

A circular statistical graphic divided into slices to illustrate numerical proportion.

Charitable Donation

A gift made by an individual or organization to a nonprofit organization, charity, or private foundation.