What is the infant industry argument? How did Japan use the infant industry argument to rebuild its economic strength following World War II? What tools did it use?
What will be an ideal response?
According to the infant industry argument, new industries need protection from fierce, foreign competitors until they establish themselves. Japan eliminated tariffs on imports of raw ores and ore concentrates while imposing high tariffs on processed and fabricated metals. Consequently, Japan has developed thriving metal fabrication industries.
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What Myra enjoys most about her job is the camaraderie with her coworkers and the close friendships she has formed. According to McClelland's acquired needs theory, this reflects Myra's need for __________.
a. power b. affiliation c. growth d. achievement
Which of the following perspectives of the balanced scorecard focuses on the increase of company profits through increasing revenue growth and productivity?
A) financial B) customer C) internal business D) learning and growth