According to Some Economists, for What Length of Time Should

question 94

Multiple Choice

According to some economists, for what length of time should protection be granted to infant industries?  

• A) for as long as it takes new firms to get a brand identity 
• B) for as long as it takes for new firms to eventually develop significant economies of scale in their production processes 
• C) for 1 year regardless of production economies 
• D) permanently

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Definitions:

Allosteric Model

A model describing how the binding of a molecule to a protein at one site can affect the binding properties of the protein at a different site.

ATP

Adenosine triphosphate, a molecule that carries energy within cells, used for metabolic processes.

Energy Currency

A term often referring to ATP (Adenosine Triphosphate), the primary molecule used to store and transfer energy within cells.

Phosphate Bonds

High-energy chemical bonds found in many biological molecules such as ATP, which release energy when broken.