The Proposition That Protection Is Necessary to Allow an Infant

question 10

Multiple Choice

The proposition that protection is necessary to allow an infant industry to grow into a mature industry so that it can compete in world markets is the

• A)infant-maturity argument.
• B)infant-industry argument.
• C)new industry proposition.
• D)growth proposition.
• E)dynamic comparative advantage argument.

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Definitions:

Mixed Numbers

A number consisting of an integer and a fraction, used to represent quantities greater than a whole but less than two wholes.

Lowest Terms

Lowest terms refer to a fraction that has been simplified to its smallest possible integer numerator and denominator.

Fractions

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Acres

A unit of land area measurement used in the U.S. customary and imperial systems, equal to 43,560 square feet or about 4,047 square meters.