The (False) Idea That an Industry Should Be Protected Because

question 148

Multiple Choice

The (false) idea that an industry should be protected because of learning-by-doing until it is large enough to compete successfully in world markets is the ________ argument for protection.

• A) cheap foreign labor
• B) infant industry
• C) dumping
• D) comparative advantage

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Definitions:

Whole-House Surge Protector

A surge protector that’s installed on (or near) the breaker panel of a home and that protects all electronic devices in the home from power surges.

Breaker Panel

An electrical supply system component that divides an electrical power feed into subsidiary circuits while providing protective circuit breakers.

Power Line

Electrical conductors, typically wires or cables, used to transmit electricity from the power plant to various distribution points.

Cyberloafing

Doing anything with a computer that’s unrelated to a job (such as playing video games) while one’s supposed to be working. Also called cyberslacking.