Which Is a Valid Counterargument to the Infant Industry Argument

question 87

Multiple Choice

Which is a valid counterargument to the infant industry argument for protective tariffs?

• A)Protective tariffs result in too many benefits for domestic firms that export goods and services.
• B)It is difficult to determine which infant industries will become mature industries with a comparative advantage.
• C)The objective would be better achieved through strategic trade policy.
• D)The objective would be better achieved by import quotas and nontariff barriers.

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Definitions:

Sociological Research

the study of social behaviors, institutions, and functions using various methods of empirical investigation and critical analysis to improve understanding of social structures and processes.

Labeling Theory

The theory that society creates deviance by identifying and labeling certain actions or behaviors as deviant.

Constructionist Theories

Constructionist theories propose that reality and knowledge are constructed through interactions among people, shaped by social, cultural, and historical contexts.

Control Theory

in sociology, it explains conformity as a result of the controls or restrictions society imposes on individuals to prevent deviant behavior.