The "Infant Industry" Argument for Tariffs Is Criticized

question 122

Multiple Choice

The "infant industry" argument for tariffs is criticized:

• A)because it is difficult to determine which industries merit protection.
• B)because direct subsidies are probably a better means of stimulating such industries.
• C)because the tariffs may remain after the industry reaches maturity.
• D)for all of the above reasons.

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Definitions:

Prenatal Exposure

The impact of external factors, such as drugs, environmental toxins, or diseases, on an embryo or fetus during pregnancy.

Testosterone

A steroid hormone produced primarily in the testes of males and the ovaries of females, impacting sexual development, muscle mass, and bone density.

Androgen

A type of hormone that plays a role in male traits and reproductive activity.

Estrogen

A group of steroid hormones that play a crucial role in the development and regulation of the female reproductive system and secondary sex characteristics.