An Industry That Needs Protection in Order to Become Competitive

question 154

Multiple Choice

An industry that needs protection in order to become competitive is known as a(n) :

• A) foreign industry.
• B) infant industry.
• C) newly developed industry.
• D) low-cost industry.

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Definitions:

Undie Run

A public event where participants run in their underwear to raise awareness for a cause or simply for fun.

Emergent Norms

Social behavior norms that develop during events where existing cultural norms do not apply or are unclear.

Collective Behavior

Actions and phenomena that emerge suddenly in a social context, distanced from well-established norms or conventions.

Agglomeration

The clustering of businesses, services, or resources in a specific area, often leading to economic benefits.