The Contention That Tariffs Should Be Imposed to Protect from Import

question 72

Multiple Choice

The contention that tariffs should be imposed to protect from import competition an industry that is trying to get started is

• A) a basic argument for free trade.
• B) the infant industry argument.
• C) dumping.
• D) a voluntary restraint agreement.

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Definitions:

Corporations

Legal entities that are separate from their owners, offering limited liability to its shareholders, and created under corporate law.

Merger

The combination of two or more companies into a single legal entity, often to achieve greater efficiencies of scale and scope.

Rights and Liabilities

Legal entitlements and responsibilities held by individuals or entities under the law.

Surviving Corporation

The remaining, or continuing, corporation following a merger.