A Government Should Use Subsidies to Support Promising Firms That

question 31

Multiple Choice

A government should use subsidies to support promising firms that are active in newly emerging industries,according to the _____ argument.

• A)strategic trade policy
• B)infant industry
• C)absolute advantage
• D)product life-cycle

---

Definitions:

Form 1099

A tax form in the United States used to report various types of income other than wages, salaries, and tips.

Tax Form

An official document used for reporting financial information to a governmental body, particularly for tax purposes.

Payments Made

The total amount of money disbursed by a company to settle its obligations, such as bills, invoices, or salaries.

Vendors List

A compiled list or database of suppliers and service providers that a company purchases from or contracts with.