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:

Accountant Liability

Legal responsibility of an accountant for any negligent or fraudulent accounting practices resulting in financial loss.

Intended Receivers

Individuals or entities that are the specific target or recipients of a particular message, information, or benefit.

Opinion Letter

A letter expressing a legal assessment or judgment from a lawyer to his or her client, often concerning the legality and details of a transaction.

Completed Audit

A comprehensive examination and verification of an organization's financial and operational systems, which has been fully carried out.