There Are Several Conditions That Justify Limiting Imports to Ensure

question 64

Multiple Choice

There are several conditions that justify limiting imports to ensure the
Survival of the "infant industry," and to justify government protection.
Which of the following is(are) a justification?
I.Knowledge spillovers should be likely.
II.Protected firms should have a good chance of moving down along
Their average cost curves over time to become competitive at world
Prices.
III.Protected firms should have a good chance to reduce future costs
And cause their average cost curves to shift downwards.

• A)I
• B)II
• C)I and III
• D)I, II, and III

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Definitions:

Self-Efficacy

Someone's assurance in their potential to perform tasks essential for reaching desired achievements.

Internal Personal Factor

An individual's intrinsic traits or characteristics, such as beliefs, values, attitude, and personality, that influence behavior.

Spotlight Effect

The perspective that people are overly concerned with observing one's external behavior and appearance, more so than in reality.

Participants

Individuals who take part or are involved in an activity or event, often referred to in research studies.