According to the Infant Industry Argument, Many Developing Countries Have

question 66

Multiple Choice

According to the infant industry argument, many developing countries have a potential ________ in manufacturing, but new manufacturing industries cannot initially compete with established industries in developed countries.

• A) absolute advantage
• B) comparative advantage
• C) opportunity cost
• D) competitive advantage

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Definitions:

Soil Porosity

The measure of the void spaces in soil, affecting its ability to hold water and air, crucial for plant roots and soil organisms.

Soil Texture

The feel of the soil, determined by the proportion of sand, silt, and clay particles within it.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Earth's Surface

The outermost layer of the Earth, consisting of land, water, and where most terrestrial life exists.