The Infant Industry Argument Is Based On

question 110

Multiple Choice

The infant industry argument is based on:

• A)the idea that competitive pressure from established foreign firms would encourage the infant industry's prospects for future growth.
• B)the idea that failure to shelter these infant industries tends to lead to political instability.
• C)the idea that small firms must be protected.
• D)the idea that the industry is not yet ready to compete with established foreign competitors.

---

Definitions:

Achievement Drive

The inner motivation or desire of an individual to accomplish specific goals and excel in tasks.

High Need

A critical or urgent requirement for something that is essential or very important for an individual or entity.

External Locus

The belief that one's life events are primarily controlled by external forces or fate, rather than one's own efforts.

Initiating Structure

A leadership behavior focusing on defining roles, setting goals, and establishing clear guidelines for team or organizational performance.