The Infant Industry Argument Is Criticized Because It Relies on an Assumption

question 93

Multiple Choice

The infant industry argument is criticized because it relies on an assumption that

• A) new manufacturing industries in developing nations can initially compete with established industries in developed countries.
• B) selling goods in a foreign market at below their "fair" market value is legally and ethically justified.
• C) the domestic industry in a developing nation lacks the capacity to meet demand.
• D) firms are unable to make efficient long-term investments by borrowing money from the domestic or international capital market.

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Definitions:

Fourth Amendment

An amendment to the U.S. Constitution that provides protection against unreasonable searches and seizures and requires any warrant to be judicially sanctioned and supported by probable cause.

U.S. Government Action

Measures or initiatives carried out by the United States government through its various branches and agencies.

Accused of Crimes

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A provision in the Bill of Rights that asserts the existence of unenumerated rights retained by the people, suggesting that the rights listed in the Constitution are not exhaustive.