The Infant Industry Argument for Protection Is Rejected by Most

question 4

Multiple Choice

The infant industry argument for protection is rejected by most economists because:

• A) they oppose any government intervention.
• B) historical experience supports it.
• C) many infant industries become reliant on protection and do not mature.
• D) protection usually is provided only temporarily.

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Definitions:

Timid

Describes someone who is showing a lack of courage or confidence, easily frightened.

Cognitive Development

The study of how thinking, problem solving, and intelligence change and mature over time, particularly in children.

Continuous Process

An ongoing operation or production method that functions without interruption.

Heredity

The transmission of genetic characteristics from parents to offspring through genes.