A Program of Protection That Results in Preserving Jobs in Certain

question 89

Multiple Choice

A program of protection that results in preserving jobs in certain industries

• A)raises average productivity in all sectors of the economy.
• B)does so at very high cost to consumers of the products from those industries.
• C)is an efficient way to preserve employment and is cheaper than other forms of maintaining full employment.
• D)is an effective way of encouraging innovation and improvement in production.

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Definitions:

Start-Up

A new venture that is trying to discover a profitable business model for future success.

New Venture

An entrepreneurial endeavor that entails the creation and establishment of a new business or enterprise.

Entrepreneur

An individual who, rather than working as an employee, runs a small business and assumes all the risks and rewards of a given business venture, idea, or goods or services offered for sale.

Own Bosses

A term used to describe individuals who run their own businesses, making decisions independently rather than working for someone else as an employee.