Which of the Following Is the Most Accurate Statement

question 40

Multiple Choice

Which of the following is the most accurate statement?

• A)Protection is necessary in order for young industries to grow up and be successful.
• B)Protection is not necessary for an industry to grow.
• C)Protection is necessary because if young industries are not protected,they may suffer losses.
• D)Protection may not always be necessary for infant industries,but it has proven to be useful in most cases.

---

Definitions:

Market Price

The current price at which a good or service can be bought or sold, determined by supply and demand dynamics in the marketplace.

Coffee Prices

Coffee prices refer to the cost of coffee beans in the market, which can fluctuate based on factors like supply and demand, weather conditions, and geopolitical events.

Coffee Surpluses

Occurs when the quantity of coffee produced exceeds the quantity demanded, leading to a decrease in price.

Price Ceiling

A government-imposed limit on how high a price is charged for a product.