The Infant Industry Argument Can Be Justified Because

question 79

Multiple Choice

The infant industry argument can be justified because

• A)A new industry may never develop in a protected,noncompetitive environment.
• B)The government may not be able politically to end protectionism even when protectionism is no longer justified.
• C)Government may choose to protect industries,which places heavy import burdens on the economy.
• D)A new industry may be difficult to start in the face of existing foreign competition.

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Definitions:

Cultural Relativism

A concept in anthropology that holds the belief that a person's beliefs, values, and practices should be understood based on that person's own culture, rather than judged against the criteria of another culture.

Moral Isolationism

The belief that one cannot or should not make moral judgments about the practices of cultures other than one's own.

Historical Periods

Distinct phases or eras in history categorized by significant events or developments, such as technological advancements, cultural shifts, or political transformations.

Metaethics

The branch of philosophy that analyzes the meaning and nature of moral terms, judgments, and arguments.