Multiple Choice
The infant industry argument is that
A) comparative advantage is irrelevant to economic growth.
B) developing countries have a comparative advantage in agricultural goods.
C) developing countries have a comparative advantage in manufacturing.
D) developing countries have a potential comparative advantage in manufacturing.
E) developing countries have no chance to compete with industrialized countries.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4546/.jpg" alt=" -Refer to above
Q15: Which of the following could explain why
Q16: The HPAE "economic miracle" illustrates a clear
Q17: The HPAE (High Performance Asian Economies) countries<br>A)
Q18: Import substitution policies make use of<br>A) tariffs
Q20: The development of countries like South Korea
Q21: Which industrialization policy used by developing countries
Q22: The growth successes of the high performance
Q23: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4546/.jpg" alt=" -Refer to above
Q24: The disappointment with import-substitution policies is in