A Danger with the Infant Industry Argument Is That

question 135

Multiple Choice

A danger with the infant industry argument is that

• A)it will increase product variety too much.
• B)the protection may last long after it was initially justified.
• C)it will increase international trade around the world.
• D)a nation's security may be at stake.
• E)firms may engage in strategic behavior.

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Definitions:

Mental Age

A measure of an individual's mental ability expressed as the age at which an average individual reaches the same level of performance.

Charles Spearman

A psychologist known for his pioneering work in statistics and intelligence, specifically for his development of factor analysis and the concept of a general intelligence factor, "g".

Intelligence

The ability to acquire, understand, and apply knowledge and skills, and to adapt to new situations.

Stanford-Binet

An individually administered intelligence test that was revised from the original Binet-Simon Scale, measuring five factors of cognitive ability.