Which Is a Valid Counterargument to the Infant Industry Argument

question 237

Multiple Choice

Which is a valid counterargument to the infant industry argument for protective tariffs?

• A) Protective tariffs result in too many benefits for domestic firms that export goods and services.
• B) It is difficult to determine which infant industries will become mature industries with a comparative advantage.
• C) The objective would be better achieved through strategic trade policy.
• D) The objective would be better achieved by import quotas and nontariff barriers.

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Definitions:

Lens

A piece of transparent material, typically glass or plastic, that focuses or disperses light rays, used in glasses, cameras, and microscopes.

Cornea

The transparent front part of the eye that covers the iris, pupil, and anterior chamber, and is involved in focusing vision.

Nerve Impulses

Electrical signals that travel along neurons, carrying messages between the brain and other parts of the body.

Bipolar Cells

Cells in the retina that connect photoreceptors to ganglion cells, playing a key role in visual processing.