The Infant-Industry Argument About Tariffs Implies That

question 111

Multiple Choice

The infant-industry argument about tariffs implies that

• A) it is unfair to levy tariffs on items intended for use by infants.
• B) tariffs should be levied on foreign products that compete with new domestic industries only in the short run.
• C) if a newly established domestic industry can survive in the short run, a tariff should be levied to protect it from foreign competition in the long run.
• D) permanent tariffs should be levied on foreign products that compete with those produced by newly established domestic industries.

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Definitions:

Cohabiting-parent Family

A family structure where the parents are living together without being married, involving shared responsibilities of raising children and managing household tasks.

Perceived Control

An individual's belief in their ability to influence events and outcomes in their lives.

Self-Confidence

A feeling of trust in one’s abilities, qualities, and judgment.

Worries

Thoughts or concerns about potential problems or dangers, which can affect individuals' mental and emotional well-being.