An Important Component of _____ Is That It Might Pay

question 111

Multiple Choice

An important component of _____ is that it might pay governments to intervene in an industry if it helps domestic firms overcome the barriers to entry created by foreign firms that have already reaped first-mover advantages.

• A) tactical trade policy
• B) strategic trade policy
• C) administrative trade policy
• D) comparative trade policy
• E) infant industry policy

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Definitions:

Decomposers

Organisms that break down dead or decaying organisms, turning organic material into simpler substances and recycling nutrients in the ecosystem.

Photosynthesize

The process by which green plants, algae, and some bacteria convert light energy into chemical energy stored in glucose, using carbon dioxide and releasing oxygen.

Spirochete

A long, flexible, helical bacterium. Compare with spirillum, vibrio, bacillus, and coccus.

Bacilli

Rod-shaped bacteria that are found in various environments, and can be either harmful or beneficial to humans and other organisms.