What is an infant industry?
(A) An industry that has tariff protection.
(B) An inefficient but necessary industry.
(C) An industry making products for infants and children.
(D) A young or developing industry.
Ans: (D) A young or developing industry.
Economics
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Technological improvements in coal mining will
A) increase the price of coal. B) decrease the price of coal. C) increase the interest rate. D) decrease the interest rate.
Economics
An increase in demand for a good can be caused by
A) a decrease in the price of a substitute good. B) a reduction in income if the good is a normal good. C) a decrease in the price of a complementary good. D) an increase in price of a complementary good.
Economics