Solved

Nascent Industries Require Adequate Protection from Foreign Competition Because

Question 16

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.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents