The Infant Industry Argument Can Be Justified Because

question 79

Multiple Choice

The infant industry argument can be justified because

• A)A new industry may never develop in a protected,noncompetitive environment.
• B)The government may not be able politically to end protectionism even when protectionism is no longer justified.
• C)Government may choose to protect industries,which places heavy import burdens on the economy.
• D)A new industry may be difficult to start in the face of existing foreign competition.

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Definitions:

Primary Purpose

The main or most important reason or goal intended behind an action, task, or project.

Meeting Minutes

A written record of the main points discussed and actions agreed upon during a meeting.

Interpret

To understand or explain the meaning of something, especially complex texts, symbols, or data.

Field Report

A detailed document that describes observations and experiences from onsite or field research.