The "Infant Industry" Argument for Tariffs Is Criticized

question 122

Multiple Choice

The "infant industry" argument for tariffs is criticized:

• A)because it is difficult to determine which industries merit protection.
• B)because direct subsidies are probably a better means of stimulating such industries.
• C)because the tariffs may remain after the industry reaches maturity.
• D)for all of the above reasons.

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Definitions:

Artisanal Skills

Specialized manual abilities associated with a craft or trade, often characterized by a focus on quality and creativity.

Antislavery Movement

A social and political campaign against the practice and institution of slavery that emerged in various forms across different times and places.

Artisanal Trades

Skilled craftwork professions where the craftsman creates products in a traditional or non-mechanized manner, often by hand.

Negro Election Day

A historical celebration among African Americans in New England during the colonial period, where they would elect their own leaders in parallel to white colonial elections.