"Certified shade-grown, organic coffee" is an example of requiring home standards in a foreign market instead of trade barriers

Indicate whether the statement is true or false

FALSE

Economics

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Oligopoly

a. is a market structure of many small firms b. is the only seller of a good or service c. is a market structure of a few consumers of a product d. is a market structure of a few interdependent firms e. is a more efficient market structure than perfect competition

Economics

The infant industry argument

a. is that governments should protect all industries for the first five years of existence b. is that governments should protect a new industry until it can "stand on its own feet" c. defends quotas on products produced by infant industries abroad d. has been used to justify protection of strategically important industries e. explains why some less developed countries export raw materials

Economics