An Argument in Favour of Protective Tariffs Is the "Infant-Industry

question 14

Multiple Choice

An argument in favour of protective tariffs is the "infant-industry argument." Which of the following statements would reflect that argument?

• A) Infant industries should be protected from established foreign competition.
• B) Infant industries should be exempt from antitrust laws.
• C) Any industry dealing with products for infants should be protected.
• D) Infant industries need government loans.

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Definitions:

Revolutionary Unionism

A form of unionism aiming to overthrow the prevailing capitalist system and establish a society based on workers' control and direct democracy.

Working Class

A social group comprising individuals in employment roles that require manual labor or skilled trades, often distinguished by lower economic status.

Occupation

A type of job or career with specific skills and expertise required, often recognized as a person's role in society based on their work.

American Federation of Labor

A national federation of labor unions in the United States, founded in 1886, known for its focus on skilled workers and advocacy for labor rights and standards.