Which of the Following Statements Concerning the Infant Industry Argument

question 218

Multiple Choice

Which of the following statements concerning the infant industry argument is NOT correct?

• A) The management and workers in an infant industry may be too inexperienced to compete in world markets.
• B) Infant industry protection tends to focus on labor-intensive industries.
• C) Infant industry protection is difficult to remove after the industry has matured.
• D) An infant industry is too underdeveloped to achieve comparative advantage.

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Definitions:

Economy

The system by which goods and services are produced, distributed, and consumed within a particular country or region.

Particular Society

A specific group of people characterized by distinct social institutions, traditions, and cultural practices.

Learned

Pertains to knowledge or skills acquired through study, experience, or teaching.

Shared

Characteristic of something that is used or owned collectively by a group or community.