A Business Which Contends That It Needs Temporary Protection So

question 54

Multiple Choice

A business which contends that it needs temporary protection so that it can expand significantly and thereby reduce its costs so as to enable it to compete with foreign producers is using an argument known as the

• A)infant-industry case for tariffs.
• B)monopolistic competition case for tariffs.
• C)strategic case for tariffs.
• D)price fluctuations case for tariffs.
• E)social advantages case for tariffs.

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Definitions:

Federal Government

A system of government where power is divided between a central (national) government and various regional governments, often seen in countries with a federalist structure.

Research and Development

The investigative activities a business or government undertakes to improve existing products or procedures or to lead to the development of new products or procedures.

Average Surface Temperature

The mean temperature of the Earth's surface, calculated over specific time frames and geographical areas, indicating trends in climate change.

Carbon Dioxide Levels

The concentration of carbon dioxide gas in the Earth's atmosphere, an important measure due to its effects on global climate and warming.