Answer:
The answer is C- Political pressure will likely prevent the withdrawal of the tariff when the industry matures.
Explanation:
Tariff is a tax or duty paid on a particular class of import and are usually levied by domestic government in order to protect new industries against foreign competition and to protect against foreign companies which offer lower prices than their cost and to raise revenue. This makes domestic goods cheaper or domestic consumers and imported goods more expensive for companies exporting goods from their industry into the domestic industry.
Once maturity of the infant-industry (or new industry) is attained and it can withstand competition and attain efficiency then the tariff can be withdrawn.
However, sometimes it can become too difficult to withdraw tariff because even after maturity the industry becomes too much dependent on tariff and other countries.
1. Large number of buyers and sellers
2. Free entry and exit of firms
3. Product differentiation.
4.selling cost
5. lack of perfect knowledge.
6. Less mobility
7. More elastic demand.
Answer:
Explanation:
the baby drank baby formula with water
Answer:
b) The education and skill level of its workforce
Explanation:
This is because the high the education of the workforce the high the GDP.
