The Argument That a Tariff Can Provide Temporary Protection to an Industry

question 29

Multiple Choice

The argument that a tariff can provide temporary protection to an industry so that the industry can expand, realize economies of scale, and eventually become an export industry is known as the

• A) antidumping argument.
• B) national defense argument.
• C) infant industry argument.
• D) terms of trade argument.

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Definitions:

Pseudocode

An informal high-level description of the operating principle of a computer program or other algorithm, using a mixture of natural language and programming language conventions.

Opcode

The portion of a machine language instruction that specifies the operation to be performed.

Selection Structure

A programming construct that allows for decision making in code, directing the flow of execution depending on conditions.

Sequence

An ordered collection of elements or steps followed in a specific order.