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:

Physical Disability

A condition that limits a person's physical functioning, mobility, dexterity, or stamina, impacting their daily activities and life.

Promotion

The advancement of an employee within a company to a higher position, which often comes with increased responsibilities and salary.

Competitive Advantage

The attributes or conditions that allow a company to produce goods or services better or more cheaply than its rivals.

Diversity Management

The process of acknowledging, understanding, and valuing differences among people in the workplace including race, gender, age, nationality, and others, to achieve better business performance.