The Goals of Those Who Offer Infant Industry and National

question 14

Multiple Choice

The goals of those who offer infant industry and national defense as arguments for tariffs and quota protection might be more efficiently achieved through the use of

• A) direct subsidies.
• B) moral suasion.
• C) wage and price controls.
• D) a gold standard.
• E) excess profits taxes on importers.

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Definitions:

Shift Workers

Employees who work schedules outside the traditional 9-5 working hours, often including evenings, nights, or rotating shifts.

Competitive Advantage

The unique attributes or circumstances that allow an organization or country to produce goods or services at a lower price or in a more desirable fashion than competitors.

Corporate Culture

The shared values, beliefs, and practices that define the character and behavior of an organization and its employees.

Joint Industrial Councils

Bodies made up of representatives from both employers and employees in a particular industry, aimed at discussing and negotiating issues related to that industry.