Nascent Industries Require Adequate Protection from Foreign Competition Because

question 40

Multiple Choice

Nascent industries require adequate protection from foreign competition because:

• A)they experience economies of scale.
• B)they experience diseconomies of scale.
• C)the quality of the products of such industries are comparatively inferior than the products of their foreign competitors.
• D)they do not have adequate resources to undertake research and development.
• E)their initial costs of production are considerably higher than the foreign firms.