A Problem with the Infant Industry Argument Is That

question 36

Multiple Choice

A problem with the infant industry argument is that

• A) it is too restrictive in targeting new industries to protect.
• B) it does not protect the most important new industries in a country.
• C) it is almost impossible to eliminate the tariff once the industry matures.
• D) it allows infant industries to mature so that tariffs can be eliminated.

Analyze the financial impact of accepting contracts or special pricing strategies on net operating income.

Understand the concept of opportunity cost and its application in decision-making.

Understand the benefits and processes involved in conducting a human resource audit.

Recognize the principles of proactive human resource management and its impact on organizational effectiveness.

---

Definitions:

Balance

A condition in which different elements are equal or in the correct proportions.

Transformation

An operation that moves or changes a geometric figure in some way to produce a new figure.

Reflection

A process or transformation that maps a figure to its mirror image across a specified axis.

Compounded

The process of calculating interest on both the initial principal and the accumulated interest from previous periods.