Which Statement Does NOT Describe the Limitations of a Policy

question 174

Multiple Choice

Which statement does NOT describe the limitations of a policy of restriction to protect infant industries?

• A) There is not much evidence that protecting infant industries in advanced economies is needed.
• B) Infant industry protection often focuses on protecting labor-intensive industries, which is not critical in countries with large labor supplies.
• C) Infant industry protection is rarely done in a way that makes the industry internationally competitive.
• D) Countries waste their resources protecting infant industries, since most develop well without protections.

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Definitions:

Management

The process of planning, organizing, directing, and controlling resources to achieve organizational objectives efficiently and effectively.

Exception

A deviation from the rule, standard, or expected outcome.

Contingency Theory

A theory that suggests the effectiveness of a leadership style is contingent upon the context and situation at hand, and no one style is best in all circumstances.

Leadership

The action of leading a group of people or an organization by providing direction, implementing plans, and inspiring individuals to achieve collective goals.