If the Executives of the U

question 61

Essay

If the executives of the U.S.silicon-chip industry lobby Congress for protection from imports on the grounds that the military should have an unrestricted domestic supply of silicon chips, they are using:
A.the infant industry argument.
B.the job creation argument.
C.the national security argument.
D.the model industry argument.

Identify different forms of business organizations and their characteristics.

Grasp the concept of international trade and the reasons behind it.

Understand the consequences of trade restrictions on economies.

Recognize the importance of the balance of payments and foreign exchange markets in international economics.

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Definitions:

Embryonic Development

The process by which an embryo forms and develops, from fertilization to birth in animals or to the seedling stage in plants.

Ecdysozoa

Protostome characterized by periodic molting of the exoskeleton. Includes roundworms and arthropods.

Spiralia

Classification of invertebrate animals that includes the lophotrochozoans and platyzoans.

Tapeworm

A type of parasitic flatworm that lives in the digestive tract of vertebrates as adults and often causes illness.