A Business Which Contends That It Needs Temporary Protection So

question 54

Multiple Choice

A business which contends that it needs temporary protection so that it can expand significantly and thereby reduce its costs so as to enable it to compete with foreign producers is using an argument known as the

• A)infant-industry case for tariffs.
• B)monopolistic competition case for tariffs.
• C)strategic case for tariffs.
• D)price fluctuations case for tariffs.
• E)social advantages case for tariffs.

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Definitions:

Subsidence

The gradual caving in or sinking of an area of land.

Large Dams

Massive structures built across rivers or other bodies of water to control water flow, supply water for irrigation, and generate hydroelectric power.

Reservoirs

Artificial lakes or storage areas created by constructing dams across rivers or streams to store water for various purposes such as irrigation, power generation, and drinking water supply.

Electric Power

The flow of electrical energy through a conductor, used for a multitude of applications including lighting, heating, and powering machinery.