Domestic Producers Require Time to Gain Experience and Lower Their

question 52

Multiple Choice

Domestic producers require time to gain experience and lower their unit costs; this will allow these producers to compete successfully in international markets.This statement describes the ________ argument for protectionism.

• A)diseconomies of scale
• B)protecting national security
• C)anti-dumping
• D)infant industry

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Definitions:

Nonprofit Sector Project

An initiative or plan undertaken within the nonprofit sector aimed at achieving specific social, cultural, or community objectives.

Mass Attendance

Mass Attendance is the participation of a large number of people in an event, such as a religious service, meeting, or gathering.

Fund-Raising Events

Organized activities designed to generate financial support for a cause, organization, or specific project.

World Bank

An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.