Industrial Policies

question 60

Multiple Choice

Industrial policies

• A) require formal explicit efforts by governments.
• B) will not be implicit.
• C) have never been used by the U.S. government.
• D) should be approved by the World Trade Organization.

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Definitions:

Incentive

Something that motivates or encourages someone to do something.

Biological Deficiency

A condition where an organism lacks a substance or element necessary for its growth, maintenance, or functioning.

Achievement

Successfully reaching a goal through effort, skill, or courage, often recognized by some form of acknowledgment or reward.

Money

A medium of exchange, in the form of coins and banknotes, used to facilitate transactions for goods and services.