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:

Water Pipe

A device for smoking in which smoke passes through water to cool it before being inhaled, commonly used for tobacco, and sometimes for cannabis.

Smoked

Refers to the process of exposing an item or substance to smoke, often used in food preservation or recreational drug use.

Native Americans

Indigenous peoples of the United States, including both those living within its borders and those who are members of sovereign tribal nations.

Deaths

The cessation of all biological functions that sustain a living organism, resulting in the end of life.