Which of the Following Is a Problem with the Infant-Industry

question 15

Multiple Choice

Which of the following is a problem with the infant-industry argument for protection?

• A)Most developed countries increasingly have a larger portion of retirees than youth.
• B)Consumer groups become very active in protesting the higher prices that result during infancy.
• C)Other countries retaliate by limiting exports of technology needed by the infant industry producers.
• D)If the industry does not lower costs sufficiently to be competitive, it becomes a formidable pressure group for continued protection.

---

Definitions:

Civil Suit

A legal proceeding initiated by an individual or entity (plaintiff) against another (defendant) for the resolution of a non-criminal dispute.

Criminal Prosecution

The legal process in which an individual is charged and tried for a crime.

Deferred Posting

A banking or accounting term referring to the practice of recording transactions or entries at a later date than the transaction occurred.

Cutoff Hour

A specific time set as a deadline for the completion of a task or the acceptance of transactions on a particular day.