Which of the Following Statements Is True

question 46

Multiple Choice

Which of the following statements is true?

• A)If new firms are struggling to obtain funds from underdeveloped financial markets, the most efficient policy solution would be to offer a production subsidy to these firms.
• B)If the government's goal is to induce early production even when the new firms are not cost-competitive by world standards, a barrier to the import of a substitute of the product produced by these firms would be an ideal policy.
• C)If young firms are struggling to retain their trained workers, then government should offer a subsidy to offset the costs of training workers.
• D)If the domestic firms do not supply anything at the world price, the government should lower the import barriers to boost domestic production.

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Definitions:

Residency

The period of specialized medical training that a doctor undergoes after completing medical school, or the act of living in a particular place.

Development

The processes by which individuals grow and change, as well as the ways in which they stay the same over time.

Physical

Relating to the body as opposed to the mind or emotions; involving bodily movements or activities.

Spiritual

Related to or affecting the human spirit or soul as opposed to material or physical things.