The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 77

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Protection of an infant industry should be withdrawn once that industry:

• A)charges the same price as foreign competitors.
• B)goes public on the stock exchange.
• C)raises a large amount of sales revenue.
• D)achieves sufficient size to compete with foreign firms.
• E)earns enough profit as a result of the subsidies to remain in business.

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Definitions:

Cognitive Perspective

A psychological approach that emphasizes mental processes in perception, memory, language, problem solving, and other areas of human cognitive function.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, etc.

Science

A systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe.

Humanistic Perspective

A psychological approach emphasizing personal growth, self-actualization, and the inherent goodness of people, focusing on the individual's potential and stressing the importance of self-awareness and personal choice.