Domestic Producers Require Time to Gain Experience and Lower Their

question 52

Multiple Choice

Domestic producers require time to gain experience and lower their unit costs; this will allow these producers to compete successfully in international markets.This statement describes the ________ argument for protectionism.

• A)diseconomies of scale
• B)protecting national security
• C)anti-dumping
• D)infant industry

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Definitions:

High Margins

Situations where there is a significant difference between the cost of producing a good or service and its selling price, typically indicating a high profit potential.

Return On Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the net profit from the investment by its cost.

Job Postings

Announcements made by employers that inform potential candidates about job vacancies, detailing the job requirements, responsibilities, and how to apply.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees, often reflecting the organization's work environment and job satisfaction levels.