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:

Physiological Makeup

The composite of an individual's biological functions and processes that define their physical state and health.

Evolutionary Theory

A theory in biology that explains the process by which organisms change over time as a result of changes in heritable physical or behavioral traits.

Natural Selection

The process by which organisms better adapted to their environment tend to survive and produce more offspring.

Universal Characteristics

Traits or behaviors that are generally found across all cultures and societies, often considered fundamental aspects of human nature.