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:

Criticism

The expression of disapproval of someone or something based on perceived faults or mistakes.

Commitment

A state or quality of being dedicated to a cause, activity, or job; wholehearted devotion.

Situational Approach

A theory of leadership that suggests leaders must adjust their style to fit the development level of their followers or the specifics of the situation.

Directive Behaviors

Leadership actions that involve giving explicit instructions and closely supervising subordinates to ensure compliance and task accomplishment.