An Assumption Behind the Infant-Industry Argument for Tariff Protection Is

question 197

Multiple Choice

An assumption behind the infant-industry argument for tariff protection is that

• A) foreign competitors are selling output below average cost.
• B) the domestic industry will be facing an upward adjustment in its average cost.
• C) the domestic industry will eventually gain a comparative advantage in producing the good.
• D) the market needs additional competition to satisfy consumer demand.

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Definitions:

XIC

Acronym for "Examine If Closed," a common instruction used in programmable logic controllers (PLCs) to check if a contact or switch is closed.

Internal Relay Instructions

Commands in a PLC or other control systems that enable internal processing signals or operations without using physical relay hardware, often for logic or timing functions.

Output

The information or energy provided as a result of a process, system, or device's operation, often directed to an external or subsequent system.