The Infant Industry Argument Is Valid When

question 215

Multiple Choice

The infant industry argument is valid when

• A)a new industry is suffering financial losses.
• B)a new industry is less efficient than foreign competitors.
• C)the industry's prospective gains are sufficient to repay the social losses incurred while it is being protected.
• D)the industry is not likely to be profitable in the future.

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Definitions:

Greatest Good

A principle often associated with utilitarianism that suggests actions should be evaluated based on their consequences for the greatest number of people.

Leader-Follower Relationship

Focuses on the dynamic interactions between leaders and followers, including trust, influence, and the exchange of benefits.

Heifetz

A scholar known for his work on adaptive leadership, which emphasizes the importance of leaders encouraging adaptation and learning in the face of change.

Virtue-Based Theories

Ethical theories that focus on the moral character of individuals and the virtues they embody for ethical decision making.