An Assumption Behind the Infant-Industry Argument for Tariff Protection Is

question 197

Multiple Choice

An assumption behind the infant-industry argument for tariff protection is that

• A) foreign competitors are selling output below average cost.
• B) the domestic industry will be facing an upward adjustment in its average cost.
• C) the domestic industry will eventually gain a comparative advantage in producing the good.
• D) the market needs additional competition to satisfy consumer demand.

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Definitions:

Arterial Problems

Conditions affecting the arteries, including blockages and narrowing that can lead to cardiovascular issues.

Lower Extremity

Refers to the lower part of the body, including the hips, legs, and feet.

Pale and Cool

Describes a physical state typically indicating reduced blood flow or lowered body temperature, which can be symptomatic of various conditions.

Decreased Pulse

A condition characterized by a lower than normal heart rate, which can indicate various health issues or physical states.