The Infant-Industry Argument

question 205

Multiple Choice

The infant-industry argument

• A)is based on the belief that protecting industries when they are young will pay off later.
• B)is based on the belief that protecting industries producing goods and services for infants is necessary if a country is to have healthy children.
• C)has the support of most economists.
• D)is an argument that is advanced by advocates of free trade.

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Definitions:

Net Float

The difference between checks written against a bank account and those that have been deposited but not yet cleared, affecting the balance.

Chequing Account

A bank account allowing the account holder to withdraw funds, write checks, and use electronic debit to access funds.

Cheque

A cheque is a written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a named party.

Regional Lockbox System

A banking service that speeds up collection of payments by establishing a network of collection points.