The Rationale for the Infant-Industry Argument for Trade Protection Is

question 65

Multiple Choice

The rationale for the infant-industry argument for trade protection is that ________.

• A)incubator centers in which business, government, and academia cooperate will develop entrepreneurial companies
• B)a country should give one firm in an industry a monopoly status so that it will grow large enough to be competitive internationally
• C)it takes time for an industry to become competitive in world markets, so protection is needed to help this industry pass through the critical period
• D)lower restrictions should be placed on products coming from countries where a government has a large sphere of political influence

Identify the ethical considerations of reciprocity and tie-in sales practices.

Grasp the importance of ethical leadership and management actions in promoting ethical behavior within a sales force.

Learn about protective laws and ordinances that regulate sales activities to protect consumers.

Comprehend the role of codes of ethics and ethics committees in fostering ethical conduct in business.

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Definitions:

Earned Income Tax Credit

A tax credit in the United States designed to benefit individuals and families with low to moderate incomes, effectively reducing the amount of tax owed and possibly resulting in a refund.

Minimum-Wage Laws

Legislation that sets the lowest hourly wage rate that an employer can legally pay their workers.

In-Kind Transfers

Non-monetary transfers of goods or services provided by governments to individuals as part of social assistance programs.

Elasticity of Labor Demand

A measure of how sensitive the quantity of labor demanded by employers is to a change in the wage rate.