Which Is a Valid Counter-Argument to the Infant Industry Argument

question 140

Multiple Choice

Which is a valid counter-argument to the infant industry argument for protective tariffs?

• A) It results in too many benefits for domestic firms that export goods and services
• B) It is difficult to determine which infant industries will become mature industries with a comparative advantage
• C) The objective would be better achieved through strategic trade policy
• D) The objective would be better achieved by import quotas and nontariff barriers

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Definitions:

Large Paycheque

A significantly high remuneration or salary received by an employee, typically reflecting the value of their work or the success of their employer.

Long Years Of Education

Extended periods spent in formal educational institutions leading to higher levels of academic or professional qualification.

Satisfying Occupation

A job or career that provides fulfillment, meaning, and pleasure to the individual, often aligning with their interests, values, and capabilities, contributing to their overall happiness and well-being.

Use Of Force

The application of physical coercion by individuals or authorities to achieve a directive, which can range from law enforcement to personal defense.