Which of the Following Describes the Infant Industry Argument for Protectionism

question 51

Multiple Choice

Which of the following describes the infant industry argument for protectionism?

• A)An industry must be protected in its early stages of development so that firms can compete with government-subsidised foreign competition.
• B)Some strategic industries must be protected to ensure adequate supplies of resources needed for national defence in emergencies.
• C)Domestic producers in high-wage countries must be protected from foreign producers in low-wage countries to produce a level playing field.
• D)Domestic producers require time to gain experience and lower their unit costs; this will allow these producers to compete successfully in international markets.

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Definitions:

Asepsis

The absence of bacteria, viruses, and other microorganisms to prevent infection, often referred to in a medical or clinical context.

Pathogens

Microbes, such as bacteria, viruses, fungi, and parasites, that are responsible for causing diseases in their hosts.

Subclinical Case

An infection in which the host experiences only some of the symptoms of the infection or milder symptoms than in a full case.

Cycle Of Infection

The process by which an infectious agent passes from one organism to another, enabling its propagation.