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.

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Definitions:

Adequate Funding

Sufficient financial resources provided to fully support or complete a project, program, or initiative without monetary constraints.

Central Agency

A government or administrative organization that operates at the central level of government, typically responsible for overseeing and implementing policies across various sectors.

Kurt Lewin

A psychologist often considered the founder of social psychology, known for his field theory and change management theories.

Douglas McGregor

An American social psychologist best known for proposing the Theory X and Theory Y concepts in the management field, relating to different views on worker motivation and behavior.