Which of the Following Statements Is True

question 44

Multiple Choice

Which of the following statements is true?

• A) The infant-industry argument is valid only if the benefits of learning-by-doing in the infant industry spill over to other parts of the economy.
• B) A subsidy to an infant industry is a more efficient way to protect it from foreign competition than a tariff on the competing foreign goods.
• C) Both statements are true.
• D) Neither of the statements is true.

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Definitions:

Abstractly

Thinking in a way that is not concrete or specific, involving general ideas or qualities rather than specific people, objects, or actions.

Future

Pertains to the time or a period that is yet to come, often considered in the context of potential events or possibilities.

Yo-Yo Dieting

The cyclic loss and gain of weight, creating a pattern of drastic dietary changes with potential health risks.

Teenage Females

Young female individuals typically between the ages of 13 and 19, undergoing various physical, emotional, and social changes.