Which of the Following Is a Result of the Protection

question 58

Multiple Choice

Which of the following is a result of the protection of domestic companies from international competition?

• A)Consumers need to pay lesser for products.
• B)There are increased incentives to cut production costs and improve quality.
• C)Companies become more reliant on protection.
• D)Protection increases a company's incentives to obtain the knowledge it needs to become more competitive.

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Definitions:

Random Variables

Variables representing numerically measurable outcomes of random events.

Numerical

Pertaining to numbers, often used to describe data or methods that involve the manipulation or analysis of numbers.

Sample Space

The collection of every potential result that can occur from a statistical experiment.

Event

An outcome or set of outcomes within a sample space; something that can occur in an experiment.