Because a Country Does Not Want to Risk Being Vulnerable

question 107

Multiple Choice

Because a country does not want to risk being vulnerable to being dependent on imports for something as important as energy, it bans oil and coal imports. As a result, energy is so expensive that homes are cold during the winter and hot during the summer. The rationale for this policy would be most closely related to what argument for trade restriction?

• A) need to protect domestic jobs
• B) protecting infant industries
• C) need for national defense
• D) protection against dumping

Recognize the developmental stages of toddlers as proposed by Piaget and other developmental theories.

Identify typical language development milestones in toddlers.

Understand toddlers’ cognitive development, including their ability to apply knowledge in new situations.

Manage negativism and promote positive behavior in toddlers.

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Definitions:

Opportunity Costs

The cost of forgoing the next best alternative when making a decision, representing the benefits one misses out on.

Trading Costs

Expenses associated with buying and selling securities, including broker commissions and the bid-ask spread.

Total Costs

The sum of all expenses incurred in the production of goods or services, including both fixed and variable costs.

Net Present Value

A method used in capital budgeting to evaluate and compare the profitability of investments, which calculates the difference between the present value of cash inflows and outflows.