A Basic Problem with the Infant-Industry Argument Is That

question 136

Multiple Choice

A basic problem with 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) political pressure will likely prevent the withdrawal of the tariff when the industry matures.
• D) domestic consumers will continue to buy the foreign products anyway, regardless of the tariff.

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Definitions:

Supervisor

A role within an organization responsible for overseeing and guiding the performance of a group of employees, ensuring tasks and objectives are met.

Nominal Group Technique

A structured decision-making process that allows individuals to contribute ideas independently before collectively discussing and ranking the suggestions.

Electronic Brainstorming

A method of generating ideas using technology, allowing for simultaneous input from participants in different locations.

Production Blocking

A phenomenon where the flow of ideas or productivity is hindered or obstructed, often occurring in group settings during brainstorming or collaborative efforts.