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.
Based on microeconomic theory, <u>Total</u> costs refer to the sum of the fixed and variable costs for any given level of production.
<h3>What makes Total Cost?</h3>
Generally, the total cost is the sum of all the price of the material utilized, the wages or salary paid in the production, and the direct expenditure.
<h3>Components of Total Cost </h3>
The components of Total Cost include the following:
- Prime cost
- Factory cost
- Office cost
- Cost of sales, etc.
Hence, in this case, it is concluded that the correct answer is "<u>Total Cost."</u>
Learn more about Total Cost here: brainly.com/question/25109150
I can probably do it for u
Are all types of trades that taxes imports or exports
The ethical approach Jason is using is naive immoralist.
<h3>What does naive immoralist mean?</h3>
According to the naive immoralist ethical perspective, if the manager of a multinational company notices that enterprises from other countries are not following ethical norms in a host country, he or she should not follow those ethical norms as well.
If everyone else is doing the same thing, it, therefore, serves as an ethical justification for the actions.
Learn more here: brainly.com/question/25574212.