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:

Standardization of Production

The process of implementing and developing technical standards to maximize productivity, efficiency, and quality.

European Lesson

Insights or knowledge gained from European history, culture, or policy-making processes.

Conservative Democracy

A form of democracy that emphasizes the importance of traditional values and social stability, often associated with conservative political ideologies.

Casualties

Individuals who are killed, wounded, or otherwise harmed as a result of military action, accidents, or disasters.