The Proposition That Protection Is Necessary to Allow an Infant

question 10

Multiple Choice

The proposition that protection is necessary to allow an infant industry to grow into a mature industry so that it can compete in world markets is the

• A)infant-maturity argument.
• B)infant-industry argument.
• C)new industry proposition.
• D)growth proposition.
• E)dynamic comparative advantage argument.

---

Definitions:

Legal Problem

Refers to an issue or dispute that involves laws, regulations, or the need for legal proceedings or advice.

Dishonor

The refusal or inability to pay a bill of exchange, promissory note, or another financial instrument when it is presented for payment.

Refusal to Pay

The act of not fulfilling a financial obligation or payment when due, often leading to legal consequences.

Negotiable Instrument

A legal document guaranteeing the payment of a specified amount of money, either on demand or at a set time, with the name of the payee that can be transferred by endorsements.