Which of the Following Statements Most Likely Undermines the Infant-Industry

question 89

Multiple Choice

Which of the following statements most likely undermines the infant-industry argument?

• A)Total unit costs decrease through economies of scale.
• B)High tariffs to prevent foreign competition increase government revenues in the protected country.
• C)Domestic entrepreneurs need assistance to compete in industries with high entry barriers.
• D)Experience of operating over time triggers higher productivity and global competitiveness.

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Definitions:

Arithmetic Mean

The sum of a collection of numbers divided by the count of numbers in the collection, commonly known as the average.

Midrange

The statistical measure calculated by taking the average of the highest and lowest values in a data set.

Mode

The value that appears most frequently in a data set.

Sample Mean

The average value calculated from a sample, intended to estimate the population mean from which the sample was drawn.