Infant industries often refer to:
A) the foreign industries.
B) the fledgling domestic industries.
C) the public sector undertakings.
D) the agriculture-based industries.
B
Economics
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A firm that is the only seller of a good or service that does not have a close substitute is called
A) a monopoly. B) a market maker. C) a price maker. D) an oligopolist.
Economics
If you agree to a long-term loan at a specified nominal rate of interest and inflation turns out to be higher than was anticipated,
A) the nominal rate of interest falls. B) the nominal rate of interest rises. C) the real rate of interest falls. D) the real rate of interest rises.
Economics