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.

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Definitions:

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Aztec Society

A highly structured and complex society that developed in central Mexico in the 14th, 15th, and 16th centuries, noted for its architectural, artistic, and mathematical achievements, as well as its warrior culture.

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Weapons made from iron, an innovation that significantly impacted military technology and warfare strategies during ancient and medieval times.

Ferdinand Magellan

A Portuguese explorer who organized the Spanish expedition to the East Indies from 1519 to 1522, resulting in the first circumnavigation of the Earth.