Under Some Circumstances,trade Could Stifle the Development of New Industries

question 56

Multiple Choice

Under some circumstances,trade could stifle the development of new industries and reduce global efficiency.All of the following describe conditions that could lead to that situation except

• A)an initial head start gives a scale advantage to already existing firms in one country.
• B)diseconomies of scale make it impossible for new firms to enter the market.
• C)a location has a better-developed linkage between suppliers and producers, giving it a cost advantage.
• D)a historical accident, such as the shifting of airplane production to the United States to avoid World War II bombings, causes firms in one location to have a competitive advantage.

Comprehend the concept and implications of operant extinction.

Evaluate the importance of assessment reliability and validity.

Understand the concept of secondary gains in behavior.

Recall the major categories of a mental status exam.

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Definitions:

Overdue

Overdue signifies being past the time or date by which a task, obligation, or payment was due to be completed or made.

Principal

In finance, the original sum of money borrowed or invested, excluding any interest or dividends. In law, the primary party who authorizes another (the agent) to act on their behalf.

Installments

Payments divided over a period of time for a debt or purchase, rather than paying the total amount upfront.

Default

Failing to fulfill a legal obligation, such as not making a scheduled payment on a loan.