The Condition Where a Country That Enters a New Industry

question 46

Multiple Choice

The condition where a country that enters a new industry first benefits is known as which of the following?

• A)Special trading privilege
• B)Neo-colonialism
• C)First-mover advantage
• D)Entrepreneurial benefit

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Definitions:

Calorie

A unit used to measure the amount of energy food produces; the amount of energy needed to raise the temperature of 1 kg of water by 1°C.

Calories

Units of energy that measure the amount of energy food provides to the body.

Fat

A macronutrient that is a major source of energy for the body and aids in the absorption of vitamins.

Immediate Fuel

Energy sources that are quickly available to the body for immediate use, such as glucose.