Which of the Following Is True with Respect to the Infant-Industry

question 28

Multiple Choice

Which of the following is true with respect to the infant-industry argument for protection?

• A) It refers to temporary protection to establish a domestic industry.
• B) To be valid, the return to the grown-up industry must be sufficiently high also to repay for the higher prices paid by domestic consumers of the commodity during the infancy period.
• C) It is inferior to an equivalent production subsidy to the infant industry.
• D) All of the above

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Definitions:

Neutrophils

A type of white blood cell that helps the body fight infections by engulfing and destroying bacteria and fungi.

Agranulocyte

Nongranular leukocyte (monocyte or lymphocyte).

Eosinophil

A type of white blood cell involved in allergic reactions and fighting parasitic infections.

Monocyte

A type of white blood cell that plays a significant role in the immune system by differentiating into macrophages and dendritic cells.