Answer: Option (d) is correct.
Explanation:
Correct option: Infant-industry argument for tariffs.
The industries which are new in the market need to be protected from the competitors from the other countries which were already in the international market for a long time.
Strategic policy is used to protect the infant industries which were new in the international market. So, this policy help these industries to develop and compete with the international industries.
Once these industries fully developed and are able to achieve similar level of economics of scale, then this protection will be withdraw from the industries.
Answer:
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Answer:
Explanation:
Despite the fact that it seems jerry can easily take a bow of the discussion with Lucy and forge ahead in selling the car to Roberta, he had certain restrictions that he should respect. Accepting $100 from Lucy, Jerry entered into what we know as an “Option” contract, giving an option to Lucy to buy the car in the next two weeks.
Irrespective of Lucy’s financial status, jerry should respect the contract that he has entered into. As a back-up, he can hold discussions with Roberta and can request her to wait for 2 weeks when the option period expires and he can sell the car to her at an outright payment
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The major purpose of the Federal Reserve buying government securities in open market operations is to allow banks to increase their lending. The Federal Reserve system is the central bank of the United States. It performs different functions to keep the effectiveness of the U.S. economy and the public interest operational.