One of The infant-industry theory limitations is that it is difficult to determine which industries will be capable of realizing comparative-advantage potential.
举一反三
- 2. _____________refined the theory of absolute advantage to one of comparative advantage.
- Adam Smith is well known for ___________ A: Specification B: absolute advantage theory C: comparative advantage theory D: perfect competition
- Which of the following about industrial policy is true A: Industrial policy is usually imposed-on industries with economies of scale. B: Industrial policy is usually imposed-on industries without economies of scale. C: Industrial policy could be a source of static comparative advantage rather than dynamic compararive advantage. D: Industrial policy couldbreak the constraints of static comparative advantage and create dynamic comparative advantage.
- Self-actualization needs refer to realizing personal potential, self-fulfillment, seeking personal growth and peak experiences. They indicate a desire to become everything one is capable of becoming. So which of the following is a good example to manifest the realization of this kind of needs? _______.
- In one day, Brandon can either plow 10 acres or plant 20 acres. In one day, Christopher can either plow 14 acres or plant 14 acres. Which of the following statements about comparative advantage is correct A: Brandon has a comparative advantage in both plowing and planting. B: Brandon has a comparative advantage only in plowing. C: Brandon has a comparative advantage only in planting. D: Christopher has a comparative advantage in both plowing and planting.