The Infant Industry Argument Says That

question 50

Multiple Choice

The infant industry argument says that

• A) tariffs should be imposed to allow a new industry in a country to get established.
• B) dumping should be allowed in order to establish a presence of an industry that has previously not had a presence in another country.
• C) countries should produce and trade goods according to their comparative advantage.
• D) imports should target new products from other countries to take advantage of the transmission of new ideas.

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Definitions:

Three-period

Pertains typically to a moving average or other statistical calculation considering data from three specific time periods for analysis or forecasting.

Weightage

Weightage refers to the assigned importance or value given to elements within a calculation or process, influencing the overall outcome.

Root Mean Square of Errors

A measure of the differences between values predicted by a model or an estimator and the values observed, expressing the square root of the mean of the squares of these differences.

Actual Value

The true, factual, or real value of a measurement, differing from an estimated or theoretical value.