A Basic Problem with the Infant-Industry Argument Is That

question 136

Multiple Choice

A basic problem with the infant-industry argument is that

• A) most industries need protection when they are mature, not when they are first established.
• B) the amount of the tariff is unlikely to have much impact on the success of an infant industry.
• C) political pressure will likely prevent the withdrawal of the tariff when the industry matures.
• D) domestic consumers will continue to buy the foreign products anyway, regardless of the tariff.

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Definitions:

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General classifications or groups that encompass a wide range of items, concepts, or phenomena.

Strong Interest Inventory

A psychological assessment tool used to help individuals identify their interests and how they relate to various occupations.

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The process by which individuals learn and adopt the norms, values, and behaviors of their society through conventional ways.