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:

Applied Voltage

The voltage that is externally applied to a circuit or component to drive its operation.

Fuse

A safety device consisting of a strip of wire that melts and breaks an electric circuit if the current exceeds a safe level.

Excessive Current

A current flow surpassing the designed or safe limit of an electrical circuit or device, potentially leading to overheating or damage.

Total Resistance

The sum of all resistances in an electrical circuit, affecting the overall current flow.