If the Executives of the U

question 117

Multiple Choice

If the executives of the U.S.silicon-chip industry lobby Congress for protection from imports on the grounds that theirs is a new industry that needs time to develop technological efficiency, they are using the:

• A) environmental standards argument.
• B) infant industry argument.
• C) cheap foreign labor argument.
• D) national security argument.

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Definitions:

Debt Financing

A method of raising capital through borrowing money from lenders or issuing bonds, to be repaid over time with interest.

Entrepreneurship

The process of designing, launching, and running a new business, often initially a small business.

Angel Investor

A wealthy individual willing to invest in a new venture in return for an equity stake.

Equity

The value of an ownership interest in property, including shareholders' equity in a corporation, representing assets minus liabilities.