Which of the Following Is a Major Reason Why Many

question 18

Multiple Choice

Which of the following is a major reason why many economists remain critical of the infant industry argument?

• A)It makes the domestic industry inefficient.
• B)It does not provide guaranteed employment for the citizens.
• C)It affects the standards of living and per capita income of the people.
• D)It promotes foreign direct investment.
• E)It leads to reduced prices in domestic markets.

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Definitions:

Lockbox System

A service offered by banks to companies for receiving payments from customers; the bank collects and processes these payments directly to speed up the deposit process.

Firm Implementation

The process of putting a business strategy or plan into action to achieve its goals and objectives.

Float

The time difference between when a check is written and when the funds are actually withdrawn from the account, or the number of shares available for trading of a particular stock.

Smart Card

A smart card is a plastic card embedded with a microprocessor chip, which can store and process data, used for various purposes such as financial transactions, identification, and access control.