An Argument in Favour of Protective Tariffs Is the "Infant-Industry

question 87

Multiple Choice

An argument in favour of protective tariffs is the "infant-industry argument." Which of the following statements would best reflect that argument?

• A) Infant industries should be protected from established foreign competition.
• B) Infant industries should be exempt from antitrust laws.
• C) Any industry dealing with products for infants should be protected.
• D) Infant industries need government loans.

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Definitions:

Cooperative

A group or organization owned and operated by its members for their mutual benefit, or a behavior where individuals work together towards a common goal.

Normative Social Influence

The influence of other people that leads individuals to conform in order to be liked and accepted by them.

Informational Social Influence

The change in opinions or behavior that occurs when we conform to people who we believe have accurate information.

Distinction

A difference or contrast between similar things or people, often highlighting a unique feature or quality.