The Infant Industry Argument Says That

question 50

Multiple Choice

The infant industry argument says that

• A) tariffs should be imposed to allow a new industry in a country to get established.
• B) dumping should be allowed in order to establish a presence of an industry that has previously not had a presence in another country.
• C) countries should produce and trade goods according to their comparative advantage.
• D) imports should target new products from other countries to take advantage of the transmission of new ideas.

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Definitions:

Complimentary Scoop

A free serving of ice cream or other scoopable item offered to customers as a courtesy or promotional gesture.

Point-Of-Purchase Display

Marketing materials or advertising placed next to the merchandise they promote, typically in the checkout area.

Freestanding Rack

An independent display unit used in retail to showcase products.

Sales Promotions

Marketing activities aimed at increasing sales and customer interest in products or services.