Which of the Following Is a Justification for Infant Industry

question 155

Multiple Choice

Which of the following is a justification for infant industry protection?

• A) The firm's learning must shift its average cost curve down over time so that it becomes competitive at world prices.
• B) The firm's output must increase so that it moves down along its average cost curve over time and becomes competitive at world prices.
• C) The firm's total cost curve must shift leftward over time so that it becomes competitive at world prices.
• D) The firm's learning allows it to produce more output and take advantage of increasing returns to scale.

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Definitions:

Pepsin

Principal digestive enzyme of the gastric juice, formed from pepsinogen; digests proteins into smaller peptide chains.

Lipid Digestion

The biochemical process through which lipids (fats and oils) are broken down into smaller molecules, such as fatty acids and glycerol, to be absorbed by the body.

Protein Synthesis

The process by which cells build proteins based on the genetic instructions provided by DNA and mediated by RNA.

Intrinsic Factor

A glycoprotein secreted by the stomach's parietal cells necessary for the absorption of vitamin B12 in the small intestine.