1.Which of the following statements is true?

I.If young firms are struggling to obtain funding from underdeveloped financial markets, the most efficient policy solution would be a production subsidy.

II.If young firms are struggling to retain their trained workers, then government should offer a subsidy to offset the costs of training workers.

III.Infant industry tariffs are less likely to be removed than infant industry subsidies.

a.I only

b.I and II

c.II and III

d.II only