A Downfall of the Infant-Industry Argument Is That

question 164

Multiple Choice

A downfall of 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) once a tariff is granted, political pressure will likely force withdrawal of the tariff before the industry matures.
• D) once established, a tariff is politically difficult to remove.

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Definitions:

Displacement Task

A cognitive experiment that assesses the ability to remember the location of an object after it has been moved out of direct sight.

Socioeconomic Status

A combined measure of an individual's or family's economic and social position relative to others, based on income, education, and occupation.

Cortical Development

The process during which the brain's cerebral cortex matures, involving the growth and differentiation of neurons, vital for cognitive functions.

Perspectives

Different ways of viewing or considering something, often influenced by one's beliefs, culture, or individual understanding.