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baherus [9]
3 years ago
15

Which of the following describes the infant industry argument for protectionism?

Business
1 answer:
Alchen [17]3 years ago
4 0

Answer:

a. Domestic producers require time to gain experience and lower their unit costs; this will allow these producers to compete successfully in international markets.

Explanation:

According to the infant-industry theory, new industries in emerging and developing economies need protection for unfair competition from industries in advanced economies.  The new industries need time to grow and develop economies of scale that can match those from more developed economies.

Economists describe infant industries as those in their early stages of development and, as such, cannot compete favorably with established rivals.  Proponents of Infant-economies protection argue that infant industries need protection from international competitors capable of flooding domestic markets with cheaper goods. Protection assist infant industries to mature and develop economies of scale.

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To the extent that employers conduct a social media background check on job candidates, best practices are all of the following
Grace [21]

Answer:

Limit access to private information by friending someone

Explanation:

When conducting recruitment of an individual employers sometimes do background checks on the person's social media information.

There however needs to be consideration of the person's privacy in doing this.

There should be use of only publicly available information, background check can be done by a third party that is not making hiring decision, and do not request username and password for social media platforms.

It is not best practice to befriend a person on social media in order to obtain their private information.

8 0
3 years ago
A market situation where a small number of sellers compose the entire industry is called
Nadusha1986 [10]

Answer:

The correct answer is: oligopoly.

Explanation:

A market structure where there are only a few firms is called an oligopoly market. These firms can be producing either identical products or differentiated products.  

Because of few firms, there is a high degree of competition in the market. The firms are price makers and face a downward sloping curve.  

There is interdependence in the market such that the economic decisions of a firm affects the price, profits and output level of its rivals. So the firms have to consider the reaction of its rivals before making an economic decision.

4 0
3 years ago
Quien es el equipo con más champions​
Black_prince [1.1K]

Responder:

Real Madrid

Explicación:

El Real Madrid ha ganado la Liga de Campeones un récord asombroso 13 veces. (Todo lo que hice fue buscar en Google "quién es el equipo con más campeones" y eso es lo que obtuve) Espero que esto ayude.

6 0
3 years ago
Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 4% of credit sales will
OverLord2011 [107]

Answer:

$3760

Explanation:

Calculation to determine the December 31 balance in Bad Debt Expense

Using this formula

Bad debt expense = Credit sales × Uncollectible percentage

Let plug in the formula

Bad debt expense= $94,000 × 4%

Bad debt expense= $94,000 × 0.04

Bad debt expense= $3760

Therefore the December 31 balance in Bad Debt Expense will be $3760

8 0
3 years ago
Explain if a country would rather have a trade surplus or a trade deficit.
zepelin [54]
<span>A country would want a trade surplus rather than a trade deficit because trade surplus is better. In order to have a trade surplus, a country must export (sell) more than it imports (buys).</span>
5 0
3 years ago
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