Which Statement Concerning the Infant Industry Argument Is NOT Correct

question 131

Multiple Choice

Which statement concerning the infant industry argument is NOT correct?

• A) The management and workers in an infant industry may be too inexperienced to compete in world markets.
• B) Infant industry protection tends to focus on labor-intensive industries.
• C) Infant industry protection is difficult to remove after the industry has matured.
• D) An infant industry is too underdeveloped to achieve comparative advantage.

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Definitions:

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, describing a five-tier model of human needs, arranged in a hierarchy that must be fulfilled sequentially from basic physiological needs to self-actualization.

Satisfied Needs

Fulfillment of wants or necessities required for an individual's well-being or contentment.

Intrapreneurship

Refers to the practice of fostering entrepreneurial behavior within a large organization, encouraging employees to innovate and pursue new ideas.

Personal Growth

The process of improving self-awareness, developing talents, and refining personal qualities to enhance the quality of life.