Multiple Choice
According to the infant industry argument, many developing countries have a potential ________ in manufacturing, but new manufacturing industries cannot initially compete with established industries in developed countries.
A) absolute advantage
B) comparative advantage
C) opportunity cost
D) competitive advantage
Correct Answer:
Verified
Correct Answer:
Verified
Q61: The TRIPS regulations oblige WTO members to
Q62: The _ raised tariff barriers in the
Q63: Which of the following observations about tariffs
Q64: The infant industry argument is the latest
Q65: According to the strategic trade policy argument,<br>A)
Q67: Local content regulations<br>A) protect domestic producers by
Q68: Free trade as a government policy was
Q69: According to the 1986 Uruguay Round, the
Q70: Tariffs are generally pro-consumer and anti-producer.
Q71: What are the central issues facing the