For the Infant-Industry Argument for Tariffs to Be Appropriate, It

question 120

Multiple Choice

For the infant-industry argument for tariffs to be appropriate, it is necessary that

• A) the industry be deemed essential by the government.
• B) the government can identify which industries will eventually be able to compete with more established foreign producers.
• C) only industries that currently are operating efficiently will be protected.
• D) the country has access to the most modern production techniques.

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Definitions:

Aesthetics

A branch of philosophy dealing with the nature of beauty, art, and taste, and the creation and appreciation of beauty.

Tea Ceremony

Tea Ceremony is a ritualistic practice in Japanese culture, involving the ceremonial preparation and presentation of matcha, a powdered green tea.

Teahouse

A place of relaxation and socialization where tea and sometimes light meals are served, often found in East Asian cultures.

Ise Shrine

A Shinto shrine in Japan dedicated to the goddess Amaterasu-ōmikami, famous for its tradition of rebuilding the shrines every 20 years in a process called Shikinen Sengu.