The Proposition That Protection Is Necessary to Allow an Infant

question 10

Multiple Choice

The proposition that protection is necessary to allow an infant industry to grow into a mature industry so that it can compete in world markets is the

• A)infant-maturity argument.
• B)infant-industry argument.
• C)new industry proposition.
• D)growth proposition.
• E)dynamic comparative advantage argument.

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Definitions:

Article 2

Refers to a portion of the Uniform Commercial Code that deals with the sale of goods.

Provisions

Specific clauses or articles in a contract or legal statute detailing certain conditions, requirements, or stipulations.

Unconscionability

A legal doctrine that describes terms so extremely unjust, or overwhelmingly one-sided in favor of the party who has the superior bargaining power, that they are deemed contrary to good conscience.

Good Faith

Acting with honesty, fairness, and sincerity without any intent to deceive or defraud.