A Problem Encountered When Implementing an "Infant Industry" Tariff Is

question 84

Multiple Choice

A problem encountered when implementing an "infant industry" tariff is that

• A) domestic consumers will purchase the foreign good regardless of the tariff.
• B) special interest groups may prevent the tariff's removal when the industry matures.
• C) most industries require tariff protection when they are mature.
• D) labor unions will capture the protective effect in higher wages.

---

Definitions:

Flash Drive

A portable storage device that uses flash memory and can be connected to a computer through a USB port.

Executable File

A type of computer file that, when opened, instructs the operating system to perform specific actions or run a program.

Nonvolatile

Referring to a type of computer memory that retains data even when the power is turned off.

ROM

Read-Only Memory, a type of non-volatile storage that is used to store firmware or software that is rarely changed or updated.