The Infant Industry Argument Is Based on the Idea of

question 58

Multiple Choice

The infant industry argument is based on the idea of

• A)global comparative advantage.
• B)global absolute advantage.
• C)tariff maximization.
• D)learning-by-doing.
• E)tariff minimization.

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Definitions:

Bowman's Capsule

At the onset of a nephron's tube-like segment in the kidney, there exists a cup-shaped pouch that initiates the blood filtration process leading to urine formation.

Glomerulus

A network of capillaries located at the beginning of a nephron in the kidney, involved in the filtration of blood to form urine.

Filtration

A process that separates substances into solutions by forcing them across a membrane.

Bowman's Capsule

A cup-like sack at the beginning of the tubular component of a nephron in the kidney that performs the first step in the filtration of blood to form urine.