A Basic Flaw in the Infant-Industry Argument Is That

question 17

Multiple Choice

A basic flaw in the infant-industry argument is that

• A)most industries need protection when they are mature,not when they are first established.
• B)the amount of the tariff is unlikely to have much impact on the success of an infant industry.
• C)once a tariff is granted,political pressure will likely prevent the withdrawal of the tariff even when the industry matures.
• D)domestic consumers will continue to buy the foreign products anyway,regardless of the tariff.

---

Definitions:

Identify

In data analysis, to identify means to recognize or establish the nature or characteristics of data, variables, or patterns.

WAIS

The Wechsler Adult Intelligence Scale, an IQ test designed to measure intelligence and cognitive ability in adults and older adolescents.

Predictive Validity

The extent to which a score or measurement can accurately predict future performance or behaviors.

Achievement Test

An exam that measures a person's knowledge or proficiency in a certain area.