This is an industry that is in its early stages of development. They lack the experience and size to compete against established competitors abroad? Choices : - Baby Industry - Child Industry - Infant Industry - New Industry

Complete the following statement:Infant industries do not benefit from    of scale. This means that their cost of    is often higher than other countries. This means that they can’t    with large industries from other countries.    to domestic producers can help reduce the price of their goods.Submit

The infant industry argument is thatA) comparative advantage is irrelevant to economic growth.B) developing countries have a comparative advantage in agricultural goods.C) developing countries have a comparative advantage in manufacturing.D) developing countries have a potential comparative advantage in manufacturing.E) developing countries have no chance to compete with industrialized countries.

Developing countries are providing new markets for companies that can provide them with needed:

In order to attract foreign manufacturing firms, a country needs to develop -

Which industrial sector promotes small-scale businesses and Entrepreneurship, and has lower barriers to market entry?Question 20Answera.Manufacturing.b.Service.c.Distribution.d.Agriculture.