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:

Contracts Body

Refers to the process of muscle fibers shortening, generating force that results in movement or tension within the body.

Carries Oxygen

Refers to the function of hemoglobin in red blood cells, transporting oxygen from the lungs to the body's tissues.

ATP Producing Mitochondria

ATP producing mitochondria refer to the mitochondria’s role in cellular respiration, where they convert nutrients into adenosine triphosphate (ATP), the cell’s main energy currency.

Houses ATP

An informal way of describing mitochondria, organelles within cells that generate adenosine triphosphate (ATP), the cell's main energy currency.