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:

Lost Work

Creatively or historically significant pieces of art, literature, or music that have been destroyed, lost, or otherwise cannot be located or accessed anymore.

Stakeholders

Individuals or groups that have an interest or stake in the outcome of a company's actions, including employees, customers, investors, and suppliers.

Government

The organization, or group of people and institutions, that has the authority to govern or lead a community, state, region, or country.

Competitors

Other businesses or individuals that offer similar products or services within the same market, vie for the same customer base, and compete for market share.