Discuss some of the factors that lead infant manufactured goods industries to become more efficient over time, and some of the factors that might lead them to fail to do so
What will be an ideal response?
Industries with significant learning by doing; firms threatened by a specific deadline for tariff reductions.
You might also like to view...
If the United States imposes a tariff of $5 per bottle on French wine, the most likely effect will be to raise the:
A) price of wine in the United States by more than $5 per bottle. B) price of wine in the United States by $5 per bottle. C) price of wine in the United States by less than $5 per bottle, and lower the price of wine in France by less than $5 per bottle. D) price of wine in the United States by less than $5 per bottle without affecting the price of wine in France.
The advantage of forward contracts over future contracts is that they
A) are standardized. B) have lower default risk. C) are more liquid. D) are more flexible