For Infant Industry Tariff Protection to Be Valid Requires That

question 21

Multiple Choice

For infant industry tariff protection to be valid requires that

• A) the tariff must be allowed to last forever.
• B) only industries that currently are producing efficiently should be protected.
• C) government officials must predict which industries will eventually be able to compete with more established foreign producers.
• D) the industries protected must have substantial monopoly power in the absence of foreign competition.

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Definitions:

Chemiosmosis

A process by which ATP is generated in the mitochondria through the movement of hydrogen ions across a membrane.

Inner Mitochondrial Membrane

The membrane inside mitochondria that is the site of the electron transport chain and ATP (adenosine triphosphate) production.

Electron Transport Chain

A series of complexes that transfer electrons from electron donors to electron acceptors via redox reactions, coupled with the transfer of protons across a membrane to generate ATP.

ATP Formation

The biochemical process by which cells generate adenosine triphosphate (ATP), a molecule that stores and transfers energy within cells.