Which Is a Valid Counter-Argument to the Infant Industry Argument

question 140

Multiple Choice

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

• A) It results 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

Learn the importance of setting research objectives and developing a research plan.

Realize the value of collecting both primary and secondary data in market research.

Comprehend the feedback loop in the marketing research process for continuous improvement.

Understand the steps of the marketing research approach.

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Definitions:

Basic Research

Research conducted to increase fundamental knowledge and understanding, without a specific practical aim or application.

Applied Research

Research aimed at solving practical problems and improving human life and conditions through direct applications of scientific knowledge.

General Knowledge

Broad, basic information and facts about a wide range of subjects that are considered common understanding.

Labor Productivity

A measure of the economic output produced per unit of labor input.