Which of These Is a Typical Limitation to the Argument

question 56

Multiple Choice

Which of these is a typical limitation to the argument that infant industries should be protected?

• A) The infant industry is often provided with incentives to develop into a mature, internationally viable firm.
• B) Protection is usually limited to consumer goods.
• C) Most industries are not viable on their own, so protecting these industries would be an efficient use of resources.
• D) Protection is usually limited to capital manufacturing.

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Definitions:

Firms

Business organizations or entities engaged in commercial, industrial, or professional activities, aiming to generate profits through the provision of goods or services.

Workers

Individuals engaged in any form of economic activity to earn wages or salary.

Market Wage

The prevailing rate of pay for work in a particular field or occupation in the competitive market.

Profit Maximizing

The process of increasing the difference between total revenue and total cost to achieve the highest possible profit.