The Infant-Industry Argument

question 205

Multiple Choice

The infant-industry argument

• A)is based on the belief that protecting industries when they are young will pay off later.
• B)is based on the belief that protecting industries producing goods and services for infants is necessary if a country is to have healthy children.
• C)has the support of most economists.
• D)is an argument that is advanced by advocates of free trade.

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Definitions:

Igniting Fire

The process of starting a fire, whether intentionally for a purpose or accidentally.

Reasonable Care

The degree of caution and concern for the safety of the self and others an ordinarily prudent and rational person would use in the circumstances.

Hidden Dangers

Risks or hazards that are not obvious or easily noticed but can cause harm or damage.

Invitees

Individuals who are invited onto a property for the benefit of the property owner or occupant, thus owed a high degree of care.