One Problem with the Infant Industry Argument Is That

question 195

Multiple Choice

One problem with the infant industry argument is that

• A) the protection is typically never removed, creating a domestic monopoly.
• B) it fails to protect domestic industries from foreign competition.
• C) it must be approved by the IMF and the World Bank.
• D) it must be approved by the Federal Reserve Board.

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Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which was developed by B.F. Skinner.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed, theorized to lead to depression and other mental illnesses.

Psychopathology

The scientific study of mental disorders, including their symptoms, etiology (causes), and treatment.

Seligman

A psychologist best known for his research on learned helplessness, optimism, and positive psychology.