During a Stormy Meeting of Computer Software Firms, Several Company

question 197

Multiple Choice

During a stormy meeting of computer software firms, several company presidents said that without tariff cushions, many of them would go broke. They represent a new industry that needs protection until their firms grow to a size that will allow them to be competitive. Their comments are based on the

• A) infant-industry argument.
• B) goal of equalizing the nation's balance of payments.
• C) national self-sufficiency argument.
• D) goal of protecting the health of citizens.
• E) goals of retaliating for another nation's trade restrictions.

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Definitions:

Knowledge

Information which we believe to be true and for which we have justification or evidence.

Controlled Conditions

Experimental setups where all variables are kept constant except for the one being tested to ensure the results are due to the variable of interest.

Experimentation

The process of conducting tests or trials to discover or verify something.

Statistical Reasoning

The process of using statistical methods and data analysis to make informed decisions or draw conclusions.