An Assumption Behind the Infant Industry Argument for Tariff Protection

question 70

Multiple Choice

An assumption behind the infant industry argument for tariff protection is that

• A) foreign competitors are selling output below average cost.
• B) the domestic industry will be facing an upward adjustment in its average cost.
• C) the domestic industry will eventually gain comparative advantage in producing the good.
• D) the market needs additional competition to satisfy consumer demand.

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Definitions:

Job Enrichment

A motivational strategy that involves increasing the variety and responsibility in a job role to enhance job satisfaction and performance.

Job Characteristics Theory

A theory that suggests job satisfaction is related to five core dimensions: skill variety, task identity, task significance, autonomy, and feedback.

Variety of Skills

A range of abilities or competencies possessed by an individual, valuable for versatility and adaptability in different tasks or roles.

Job Diagnostic Survey

A tool used to assess the characteristics of a job and its potential for motivating the people who perform it.