A new entry into an industry sector that is mature in other states and, therefore, is often protected by its government is a(n):
Correct answer: D. infant industrySend Money Overseas
- A. start-up firm
- B. service industry
- C. venture capital firm
- D. infant industrySend Money Overseas
Explanation
An infant industry is a new domestic industry competing with mature foreign industries and therefore seeking temporary government protection. A start-up is a broader business term and does not necessarily involve protection from imports.
Last updated
Practise International Political Economy
97 free International Political Economy MCQs from International Relations, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask International Relations questions like this
International Relations is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
Related questions
2nd World Islamic Economic Forum was held from 5th to 7th November 2006 in:
A _________ is responsible for maintaining the value of a state's currency to the extent that it can by limiting the amount of money printed and avoiding inflation.
A tax imposed on certain types of imported goods is:
A unilateral move to reduce the value of one's own currency by changing a fixed or official exchange rate is known as:
Abenomics refers to Japan's policies regarding: